New owner for Ritz Coconut Grove

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The Ritz-Carlton hotel in Coconut Grove has been purchased by a joint
partnership between Miami-based Gencom and the Continental Companies,
according to property records. The hotel, which is located at 3300 SW
27th Avenue, is owned by Grove Ocean Condo. A Gencom spokesperson said
there were no plans to renovate the 115-room hotel, which opened its
doors in 2002. [Miami
Herald]