Russell Galbut wants to sell another Miami Beach hotel
Miami Beach developer Russell Galbut and his nephew Keith Menin are looking to sell another Miami Beach hotel. A...
Hotels
Jeffrey Soffer scores $1.2B refi of Fontainebleau Miami Beach
Jeffrey Soffer closed on a $1.175 billion refinancing of the Fontainebleau Miami Beach, marking the latest restructuring of debt...
Michael Shvo to unveil tropical gardens with LaLanne exhibit at the Raleigh
Developer Michael Shvo will unveil a LaLanne exhibit at the Raleigh hotel in Miami Beach ahead of Art Basel,...
Hospitality firm buys new Hotel Morrison in Dania Beach for $28M
A new hotel in Dania Beach sold for $27.8 million amid a wave of new development in the Broward...
As hotel development ramps up, occupancy and revenue growth soften: report
As 2019 draws to a close, occupancy rates and revenue growth are sliding amid a hotel boom that is...
How much are NYC hotels hurting?
During a recent earnings call, Starwood Property Trust CEO Barry Sternlicht broached a touchy topic in the real estate world: the possibility of a recession. The head of the $56 billion real estate investment...
SMS Lodging lists Miami Beach hotel after selling another for $21M
SMS Lodging is looking to sell a boutique hotel in South Beach, following the $21.3 million sale of another...
Hotusa Hotels buys the redeveloped Langford for $37M
Stambul sold the Langford hotel in downtown Miami, three years after the development firm completed a major restoration and...
Jeffrey Soffer in talks to buy 1,000-room Diplomat Beach Resort for under $1B: report
Brookfield Asset Management is in talks to sell its 1,000-room resort in Hollywood to developer Jeffrey Soffer in a...
Two South Beach hotels hit the market for $42M
The owner of two South Beach hotels is looking to sell the properties for a combined $42 million. Companies...
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