April 21, 2014 3:27 PM

Concord sells portfolio of 13 hotels for $240 million

Concord Hospitality Enterprises has sold 11 Marriott and two Hilton-brand hotels with a combined 1,650 rooms, though Concord will continue to manage the Renaissance Raleigh and Hyatt House Raleigh hotels at North Hills, the Courtyard Raleigh North at Triangle Town Center and the Raleigh Marriott Crabtree Valley.

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