A luxury hotel in downtown Portland, Oregon, has been sold for $6.83 million, around a decade after it was purchased for $108.3 million. The 221-room Royal Sonesta was acquired by Laxmi Hotels Group as part of a portfolio deal involving eight properties, according to the Portland Business Journal. Laxmi Hotels Group chief executive Kunal Dave confirmed the transaction to the publication. The latest sale price represents a reduction of approximately 93.7 per cent from the amount paid for the pr
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