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Marriott Hotel Sold

<i> States News Service</i>

Preferred Properties Fund 82 of Foster City, Calif., has sold the Columbus Marriott Inn-East for $5.2 million.

Preferred Properties owned the hotel through a joint venture with Boyken Enterprises Inc., according to a Securities and Exchange Commission filing.

The company said its gain on the sale of the hotel was about $837,000 under the accrual accounting method. Boyken’s gain was about $480,000.


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