The Real Deal Miami

Slim picks up Florida hotel in preparation for real estate spinoff

December 28, 2010 01:01PM

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Carlos Slim has purchased a Kissimmee Ramada brand hotel through his Grupo Carso SAB holding company, which is preparing to spin off its real estate unit after the New Year, according to Bloomberg News. Terms of the deal were not disclosed. In a pair of filings yesterday to Mexico’s banking and securities commission, Carso said the real estate unit, whose U.S. portfolio has been undergoing an expansion push in recent months, will likely begin trading as a separate company Jan. 6 under the direction of 27-year-old Gerardo Kuri Kauffman. The new real estate company will be called Inmeubles Carso SAB. Over the summer, Slim was also behind the purchases of Manhattan’s $44 million Duke Semans Mansion and an office tower at 417 Fifth Avenue, which went for $140 million. [Bloomberg]

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