Braemar sells Key West resort amid Ashford split
Braemar Hotels & Resorts is offloading its oceanfront resort in Key West for $190 million. The sale of Pier House Resort & Spa is part of the REIT’s broader hotel asset selloff intended to fund a $480 million payout linked to a split with its manager, Bisnow reported. Through affiliates Ashford Pie
Related Urban targets aging Coconut Grove housing for two-tower project
Related Urban Development Group wants to replace the majority of an aging public housing complex in Coconut Grove with high-rise apartments that contain some affordable housing under Florida’s Live Local Act. The Miami-based affordable housing subsidiary of Related Group filed plans for Magnus Grove
Witkoff, Monroe Capital score $303M loan for huge Miami Worldcenter project
Witkoff and Monroe Capital scored a $302.6 million construction loan for a massive residential complex in Miami Worldcenter. Construction is set to begin on the first phase of 700 North Miami Avenue after Witkoff, in partnership with Monroe Capital, secured financing from Athene Annuity and Life Com
Recent Posts
