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Woodvale Opportunity Fund I has acquired in an all-cash deal from Chartwell Hospitality two Southaven, Mississippi, Marriott hotels ($25 million) and the Fairfield Inn & Suites Buford near Atlanta, Georgia ($11 million).
The Southaven portfolio near Memphis, Mississippi, includes the Courtyard Memphis Southaven (85 keys) and the Residence Inn Southaven (78 keys). The Fairfield Inn & Suites Buford includes 94 suites and is located in a northern suburb of Atlanta. JLL worked on behalf of the buyer.