CBRE Hotels Facilitates Sale Of Two Broward Properties
The hotels sit on neighboring parcels along Interstate 95 within Dania Pointe.
The hotels sit on neighboring parcels along Interstate 95 within Dania Pointe.
A private investor purchased the 45-key property for under $15 million.
CBRE arranged the loan for the $174 million purchase to a joint venture between funds managed by Honolulu-based Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC (“Trinity”), and New York-based private equity firm Certares Real Estate Management LLC.
The property is proximate to some of Miami’s most recognizable attractions, including Bayside, American Airlines Arena, Miami Tower, Port of Miami and Mary Brickell Village. CLICK ON THE HEADLINE FOR MORE
The new owner intends to transform it into a new five-star hotel venture. CLICK ON THE HEADLINE FOR MORE
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