Hotels

From left: Keith Menin and Russell Galbut, with the Domio Kaskades Hotel

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...

Russell Galbut wants to sell another Miami Beach hotel
Jeffrey Soffer and Fontainebleau Miami Beach

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...

Jeffrey Soffer scores $1.2B refi of Fontainebleau Miami Beach
The LaLanne exhibit at The Real Deal’s event in October

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,...

Michael Shvo to unveil tropical gardens with LaLanne exhibit at the Raleigh
Hotel Morrison (Credit: iStock)

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...

Hospitality firm buys new Hotel Morrison in Dania Beach for $28M
John Lancet of HVS and John Chang of Marcus Millichap

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...

As hotel development ramps up, occupancy and revenue growth soften: report
(Illustration by Andrew Colin Beck)

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...

How much are NYC hotels hurting?
The Julia hotel, Jesper Arnoldsso

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...

SMS Lodging lists Miami Beach hotel after selling another for $21M
From left: Stambul’s Daniel Peña, Hotusa Group's Amancio López Seijas and Langford Hotel at 121 SE 1st Street (Credit: Google Maps and Hotusa)

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...

Hotusa Hotels buys the redeveloped Langford for $37M
Jeffrey Soffer and the Diplomat Beach Resort (Credit: Getty Images)

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...

Jeffrey Soffer in talks to buy 1,000-room Diplomat Beach Resort for under $1B: report
Cavalier and Henrosa hotels with Susan Gale of One Sotheby’s International Realty

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...

Two South Beach hotels hit the market for $42M
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