Gabelli, Gamco continue to build stake in Sonesta

By Lisa Kerner

Charlotte, N.C., March 28 - Investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. increased their ownership interest in Sonesta International Hotels Corp. to 10% from 8.07% with the purchase of 43,473 additional shares of the company's stock on March 26 priced from $22.65 to $23.32.

The transactions were reported in a schedule 13D filed with the Securities and Exchange Commission.

The investors beneficially own 369,988 shares of the Boston hotel company's stock.

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