Playboy to acquire Miami Beach hotel for private club as it plans move from LA
Playboy plans to buy a Miami Beach hotel and turn it into a members-only private club ahead of its headquarters relocation from the City of Angels. The Los Angeles-based company’s affiliate Playboy MB JV LLC has the 89-room Freehand Miami hotel at 2701, 2727 and 2731 Indian Creek Drive, as well as 233 27th Street and 230 28th Street, under contract for $12.5 million from an affiliate of London-based Generator, the South Florida Business Journal reported. The property was last sold in January 2012 for $12 million. The deal is expected to close by Dec. 15. Playboy also signed a […]This article originally appeared on The Real Deal. Click here to read the full story.
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