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FRAZER, PA. — HREC Investment Advisors has arranged the sale of Sheraton Great Valley in Frazer. The 198-room full-service hotel is located in the Exxon-Frazer-Malvern market and is centrally located at the crossroads of U.S. 202 and Route 30. The buyer plans to maintain the property’s premier position after a comprehensive renovation. Ketan Patel, Geoff Davis and Scott Stephens of HREC represented the seller in the transaction. Terms of the sale were not released.