Baywood Hotels to build 225-room hotel in Miami
Published at: 2019-07-04 16:55 | Author: CIJ USA
Baywood Hotels has picked up a 1.4 acre site in the Waterford at Blue Lagoon office park for $10.5 million. Located on Northwest 57 Avenue in Miami, the firm plans to build a preapproved 225 room hotel on the plot. The seller, New American Funding, bought the larger 4.3 acre site in 2006 for $13.2 million. The site is vacant except for a now shuttered former nine story hotel. The office park is home to Burger King’s corporate offices, directly across from the Florida Turnpike and Miami International Airport.
Orion Real Estate Group paid $13.5m for three newly constructed single-tenant retail pads »
A joint venture between The St. Joe Company and Key International has kicked off construct »
Jeffrey Donnelly was named executive vice president and CFO of DiamondRock Hospitality Com »
NexPoint Hospitality Trust and Condor Hospitality Trust have entered into an agreement und »