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$174M Sonesta Hotels Sale Not So Hospitable: Investors

By Kaitlin Ugolik ( November 22, 2011, 4:49 PM EST) -- A putative class of Sonesta International Hotels Corp. shareholders on Monday sued the hotel operator over its $174 million sale to hotel real estate investment trust Hospitality Properties Trust, claiming Sonesta board members omitted material information from financial statements and failed to shop the company around....

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