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Claremont Cos. Acquires Dedham Hotel

Sep 8, 2010 | Reprints | Unlock Link | Print

Bridgewater-based Claremont Cos. has acquired Dedham’s 81-room Marriott Residence from Lone Star Funds, a global private equity firm.

The hotel was purchased for an undisclosed sum in an all-cash transaction with plans to invest "significant" additional capital for room renovations over the next year, according to a statement. Management of the hotel operations will be handled by Claremont Hotels, a subsidiary of Claremont Cos. Claremont Hotels currently manages the firm’s other Massachusetts hotel assets, the Hampton Inn Franklin and Hampton Inn Fairhaven.

Renovations for the property will include kitchen and bathroom upgrades.

Commercial & Industrial