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PHILADELPHIA — Optimum Hotel Brokerage has closed on the bank REO sale of the Spencer Suites (formerly Clarion Suites) in Manchester. Joseph McCann of Optimum represented the seller, a national bank located in California. The buyer was a local owner/operator. The 104-room property was developed in the early 1990s as a Generation One Residence Inn by Marriott. The asset was formerly held by an affiliate of Lehman Brothers. After the company's bankruptcy, the hotel was returned to its California-based lender, which hired Optimum to market the property.