The Crest Hotel Suites in South Beach was acquired by local development group Blue Road for $24 million. The price equated to $347,826 per room. It last traded for $1.6 more
Hotels
Insurance Giant Buys Control of South Beach Hotel for $56M
An affiliate of Prudential Insurance Co. of America acquired control of the Boulan South Beach hotel for $56.3 million, although the deal didn’t include its hotel condo units. GA Collins more
Hyatt Place Sarasota Changes Hands for $16.1 Million
A multi-brand hospitality company that is building two new hotels here just paid $16.1 million for the Hyatt Place Sarasota. The three-story Hyatt Place Sarasota, built in 2008, was assessed more
Marriott Buys Starwood for $12.2B, Becomes World’s Largest Hotel Owner
The combination would own or franchise more than 5,500 hotels in more than 100 countries with 1.1 million rooms. It would generate pro forma fee revenue of $2.7 billion annually. more
Cuba’s First Luxury Hotel Opens in Havana
Cuba’s first ultra luxury hotel [The “Gran Hotel Manzana”] opened its doors Monday in Havana, with guests paying up to US$2,500 a night to stay in five-star comfort on [the more
What’s Being Built in Downtown Sarasota?
Dozens of projects, some spanning the maximum 18 stories, will permanently change the appearance of the city, a post-recession surge of building fueled by pent-up demand and confidence in the more
Super-Cool Hotel Pools in South Florida
We all know South Florida is best known for its sun, sand, surf and celebrities. But we also have some really cool pools at our hotels and resorts. One in more