MHG Hotels buys Aloft near Fort Lauderdale airport for $33M
MHG Hotels bought the Aloft Fort Lauderdale Airport for $33.3 million. The Boca Raton-based firm bought the 138-key hotel at 501 Southeast 24th Street, according to a source familiar with the matter. The deal breaks down to almost $241,000 per key. The seller is an entity tied to Boynton Beach-based Green Park Management, which completed development of the hotel in 2024, records show. Green Park, led by John Costas, paid $3.3 million for the nearly 1-acre development site in 2020, scoring a $31.7 million construction loan from Bank of America in 2021, records show. Construction of the 14-story building was […]This article originally appeared on The Real Deal. Click here to read the full story.
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