Sofitel Hotels in Philadelphia, New York go on market

02/13/2004 | GlobeSt.com

Two net-leased luxury hotels are on the market -- the 306-room Sofitel Hotel near Philadelphia's Rittenhouse Square and the 398-room Sofitel at 45 West 44th St. in New York's theater district. The hotels, offered through New York-based CB Richard Ellis Hotels, are both leased under long-term, bonded, triple-net leases to Miotel Corp., a subsidiary of France-based Accor SA.

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