Bridgeton pays $68M for hotel near David Beckham’s Miami soccer stadium
Bridgeton Holdings is making a South Florida hospitality play by picking up a Miami hotel that stands to draw scores of soccer fans as guests in the coming years. An affiliate of New York-based Bridgeton, led by Atit Jariwala, paid $67.5 million for the Sheraton Miami Airport Hotel at 3900 Northwest 21st Street, records and real estate database Vizzda show. The deal breaks down to $166,700 per key for the 405-room building completed in 1976 and expanded in 2000. The buyer obtained a $59.3 million loan from Argentic Real Estate Investment 2. The seller is an affiliate of New York-based […]This article originally appeared on The Real Deal. Click here to read the full story.
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