MeriStar buys South Seas Co.

WASHINGTON -- MeriStar Hospitality Corp. here, a real estate investment trust, completed its acquisition of the Fort Myers, Fla.-based South Seas Properties Co.

South Seas Properties encompasses the 570-unit South Seas Plantation on Captiva Island, Fla., and six other resorts plus a golf course, all on Florida's west coast.

The holdings are operated and leased by MeriStar Hotels & Resorts.

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