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ARC Hospitality closes $1.8B Equity Inns portfolio deal

American Realty Capital Hospitality has completed its acquisition of the Equity Inns lodging portfolio. The company announced the purchase from affiliates of the Whitehall Real Estate Funds sponsored by Goldman Sachs in June. Since then, the transaction has been amended to include 116 properties trading for $1.8 billion instead of 126 properties that were to be sold for $1.925 billion. Read the GlobeSt.com story here

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