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Hersha to Buy Courtyard Miami Beach Oceanfront Hotel for $95M

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Register REGISTER NOW for your Membership Search Advanced Search $(document).ready(function(){ var elementWidth = $('#editions-slider').width(); console.log(elementWidth); if (elementWidth > 910){ var maxElementWidth = 875; $('#sub_main_nav button').css('display','inline-block'); $('#editions-slider').css('width',maxElementWidth+'px'); var clickRange = elementWidth - maxElementWidth; if (clickRange > 250) {clickRange = clickRange/2;} var maxRange = (elementWidth - maxElementWidth) * -1; function updateButtons() { var val = parseInt($('#editions-slider ul').css('margin-left')); if( val >= 0 ) { $('#sub_main_nav button.arrow_left').attr("disabled","disabled");$('#sub_main_nav button.arrow_right').removeAttr('disabled'); } else if( val maxRange) { $('#sub_main_nav button').removeAttr('disabled'); } else if( val maxElementWidth) {$('#sub_main_nav button.arrow_right').trigger( "click" );} } }); You are here: Home > Daily News > Hersha to Buy Courtyard Miami Beach Oceanfront Hotel for $95M FEATUREDCONTENT Plaza, DevStar Ink $85M Construction Loan What Concerns Fannie and Freddie Report: Downtown Miami Seeing Healthy Correction Will Millennials Eventually Buy Instead of Rent? Class A Office in Palm Beach on Fire Do Multifamily Investors Dig Tertiary Markets? The Most Important Multifamily Factor of All? Why Some Office Users Are Moving North Office Tenants Beware of This Reality Hogan Hints at New Office Paradigm jQuery(document).ready(function() { jQuery('#related-items-carousel').jcarousel({ visible: 4 }); }); Last Updated: November 11, 2011 11:38am ET Hersha to Buy Courtyard Miami Beach Oceanfront Hotel for $95M By GlobeSt News Hub | Miami var addthis_share = { url_transforms : { shorten: { twitter: 'bitly' } }, shorteners : { bitly : {} } } Reprints Email Print News Tip? Follow this Story What's happening in Austin CRE? Find out when launches it's latest dedicated page AUSTIN and sign up for the week's hottest features delivered each ThursdaySign up now. MIAMI BEACH-Hersha Hospitality Trust in Philadelphia has signed a contract to purchase the Courtyard Miami Beach Oceanfront hotel for $95 millionThe 263-room, Art Deco hotel, located at 3925 Collins Ave., is currently owned by Beta Epsilon/Cadillac LLC of Boca Raton. The hotel, which includes a Starbucks and a Carrabba's Italian Grill on-site, is the only Marriott-franchised inn in Miami BeachThe sales price breaks down to about $361,217 per roomThe deal is scheduled to close in Q3. For the full story, go to South Florida Business Journal . News Hub is your link to relevant real estate and business stories from other local, regional and national publications. var addthis_share = { url_transforms : { shorten: { twitter: 'bitly' } }, shorteners : { bitly : {} } } Reprints Email Print News Tip? Follow this Story OAS_RICH('x78'); OAS_RICH('x79'); $( document ).ready( function() { $( "a.article_follow_trigger" ).bind( "click", function() { $( "a.article_follow img" ).attr( "src", "" ); $.ajax({ url: "/news/12_220/miami/hotels/hersha-to-buy-courtyard-miami-beach-oceanfront-hotel-for-95m-315706-1.html", type: "POST", data: { "zkUrl": "", "zkDo": "submitComment", "zkResponse": "1", "client_id": "globest_editorial", "story_id": "315706", "user_id": "", "response_type": "xml", "comment_type": "FOLLOW", "comment_notify": "TRUE", "comment_message": "Request to Follow Updates", "trigger_alert": "0" }, success: function() { $( "a.article_follow" ).parent( "li" ).html( " Following this Story" ); } }); return false; }); $( "a.article_follow_info_trigger" ).bind( "click", function(){ console.log( this ); $( "#article_follow_info" ).overlay({ title: "Follow this Story", buttons: { "Close": function( event ) { $( this ).overlay( "close" ); } } }); return false; }); }); #article_follow_info { display: none; width: 300px; } You can now be notified via email if this story is updated by clicking on the "Follow this Story" linkYou must be a registered member to take advantage of this "members only" benefit. $( document ).ready( function() { function buttonOff() { document.wrapperForm.submit.disabled = true; document.getElementById('spnLoading').style.display = "block"; document.getElementById('comment-buttons').style.display = "none"; } $( "#poll_comments form input[type='submit']" ).bind( "click", function() { buttonOff(); $.ajax({ url: "/custom/apps/ajax_spamcheck.php", type: "GET", data: { "client_id": "globest_editorial", "story_id": "315706", "user_id": "", "response_type": "xml", "comment_message": $('#comment_message').val(), "trigger_alert": "0" }, cache: false, success: function(html) { var obj = jQuery.parseJSON(html); if (obj.status == 200) { $("#spnLoading, #comment_message").hide(); $( "#spamcheck_response" ).html( obj.message ); $('#comments-box').prepend('+ $('#comment_message').val() + 'Posted by | Just Now'); } if (obj.status == 300) { $("#spnLoading").hide(); $("#comment-buttons, #comment_message").show(); $( "#spamcheck_response" ).html( obj.message ); } if (obj.status == 400) { $("#spnLoading").hide(); $("#comment-buttons").show(); $( "#spamcheck_response" ).html( obj.message ); } } }); return false; }); }); $( document ).ready( function() { $( "#connect span.firstcon a" ).bind( "click", function() { trackWithOmniture( $( this ).attr( "id" ).substr( 8 ), "Hersha to Buy Courtyard Miami Beach Oceanfront Hotel for $95M" ); }); }); Connect With Us Mobile RSS OAS_RICH('Middle'); Our Columnists 1 of 2 James Nelson The Full Nelson Anthony LoPinto Executive Watch Clare Broderick The Science of Real Estate Nina JGruen MsReal Estate Matthew Marcus The Science of Real Estate Lance Ewing Follow the Insurance Leader DrSam Chandan Chief Economist Jonathan DMiller Trend Czar OAS_RICH('Right1'); $(document).ready(function(){ paginateBoxes('#our_columnists',4); }); OAS_RICH('x80'); OAS_RICH('x81'); OAS_RICH('Middle1'); OAS_RICH('x86'); - Commercial Real Estate News and Property Resource DEDICATED EDITIONS National International Austin Chicago Dallas Houston Los Angeles Miami New Jersey New York Orange County Philadelphia Phoenix San Diego San Francisco Washington, D.C. 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