Proceeds from the sale will be used to pay down existing debt.
The sold hotels are: the 293-room Hilton Houston Southwest, Houston, Texas; the 139-room Ramada Inn, Mahwah, N.J.; and the 124-room Four Points by Sheraton Mt. Arlington, Mt. Arlington, N.J.
The disposition of these hotels is part of our continuing effort to sell non-strategic assets, said Paul Whetsell, MeriStar chairman and chief executive officer. Our hotel ownership focus remains principally upscale, full-service properties concentrated in large, metropolitan markets where barriers to entry are high.