Marriott Hotel Sold

States News Service

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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