HOLIDAY INN EXPRESS ON FISHERMAN’S WHARF IN SAN FRANCISCO SELLS FOR $60.5M

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SAN FRANCISCO — The 252-room Holiday Inn Express on Fisherman’s Wharf in San Francisco has sold to a joint venture between Summit Hotel Properties and an affiliate of InterContinental Hotels Group for $60.5 million. The JV will invest an additional $3 million into the property over the next 12 months. The hotel will be operated under a long-term IHG management agreement.

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