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The Real Deal Miami

Miami company buys Bahia Hotel

July 27, 2011 03:45PM

A Miami-based LLC headed by Drew Kristol, a senior associate at Marcus & Millichap, has bought the Bahia Beach Hotel at 3030 Harbor Drive in Fort Lauderdale for $2 million in a short sale, the South Florida Business Journal reported. Fort Lauderdale-based Landmark Bank filed a foreclosure lawsuit against former owner Satyan Beach Properties and its managing member Prakash Mukhi in April. The hotel last changed hands in 2002 for $2.7 million, the Journal said. [SFBJ]