Capstar Hotel Company News

CapStar Hotel Company Acquires Medallion Hotels Portfolio for $150 Million

7th Jan 1998 Press Release Hotel News

CapStar Hotel Company (NYSE: CHO), a leading hotel investment and management corporation, today announced that it has completed the $150 million acquisition of six hotels from New York City-based Medallion Hotels. It is the company`s first acquisition in 1998. In 1997, CapStar acquired 28 hotels with 6,853 rooms for approximately $546 million.