HoJo On Collins Avenue Sells For $65 Million

Dezer Properties LLC sold the Howard Johnson Plaza Dezerland Beach & Spa in Miami Beach to an affiliate of Miami-based Terra Group for $65 million.
Dezer, represented by Arnstein & Lehr partners David Shear and Lori Hartglass, closed the transaction Friday.
“We have a longstanding relationship with the Dezer family and are pleased we were able to assist their company in the sale of this historic vacation resort,” Shear said.
The 225-room hotel at 8701 Collins Ave. was purchased by Dezer more than 15 years ago. The offering attracted numerous prospective buyers.
Source:  DBR

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