search

The Real Deal Logo

Trending

Bushburg buying Rudin’s half-empty FiDi office building for $160MBushburg buying Rudin’s half-empty FiDi office building for $160MDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it outBrookfield’s deal to sell 777 Tower in Downtown LA collapsesBrookfield’s deal to sell 777 Tower in Downtown LA collapsesHousing deal finally passes; here are the detailsHousing deal finally passes; here are the details
South Florida

Schulte nabs Miramar Hilton Garden Inn for $22M

The Hilton Garden Inn at 14501 Hotel Road in Miramar
The Hilton Garden Inn at 14501 Hotel Road in Miramar

A hotel in Miramar was just sold to a Kentucky-based hospitality group for $22 million.

Schulte Hospitality Group, in their second South Florida purchase this month, picked up the 149-room Hilton Garden Inn at 14501 Hotel Road. Garden Inn is Hilton’s mid-scale chain that operates around the world.

Sign Up for the undefined Newsletter

The property’s previous owner, an affiliate of Cleveland-based MEI Hotels, first bought the four-acre parcel for $1.5 million from a local company led by Realtor Bradley A. Duber.

MEI built the 82,393-square-foot Hilton in 2002, and opened its doors shortly after.

Schulte also purchased a Holiday Inn Express in Doral for $16 million last week, which brings their hotel holdings in Florida to four properties.