Marriott International disclosed that one of its subsidiaries sold old Le Centre Sheraton Montreal Hotel to a private investor for ~C$92M. The company still has a long-term management agreement for the 825-room property located in downtown Montreal.

The Hotel will undergo a comprehensive renovation including the guest rooms, lobby, meeting space, and ballroom, as well as other public areas.

Copy of SEC Form 8-K: http://seekingalpha.com/filing/4028657