search

The Real Deal Logo

Trending

Trump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boom
South Florida

Miami Four Seasons sells at 65 percent off

Sign Up for the undefined Newsletter

The 221-unit hotel component of the Four Seasons Millennium Tower was purchased Wednesday by a Florida corporation owned by Westbrook Partners for $29.5 million, 65 percent off its most recent assessed value, according to a report from Condo Vultures, the Bal Harbour-based real estate consultancy. The 70-story, 690,000-square-foot tower is one of the tallest in South Florida, with office and retail space, a condominium, condo-hotel and spa in addition to the section that was just sold. The seller of the property, which was assessed for $85.5 million, was FSM Hotel LLC, which was doing business as Four Seasons Hotel Miami. TRD