Wednesday, November 24, 2010

Salem Marriott Sold

Peabody-based Analogic Corp. has sold the 258-room Boston Marriott Peabody on Centennial Drive to a Danvers corporation controlled by Analogic's founder and former head, Bernie Gordon, for $11.5 million.
The hotel and Analogic are next to one another in the Centennial Drive office park.
Analogic and its subsidiary, Anadventure II Corp., announced last month that they had agreed to sell the hotel and the land it's on to Sigma Phi Alpha Corp., according to filings with the U.S. Securities and Exchange Commission. The Marriott Corp. will continue to manage the hotel.

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