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Joint venture acquires Liberty Hotel in Boston

LaSalle Hotel Properties and Carpenter & Co. have teamed up to purchase a majority interest in the 298-room Liberty Hotel in Boston. The sale price amounted to $170 million, or more than $570,000 per room, making it one of the highest price per room of all hotels sold in Boston over the last two years, according to Lodging Econometrics. Read the Boston Herald story here.

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