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


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Register REGISTER NOW for your FREEGlobeSt.com 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 GlobeSt.com 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 . GlobeSt.com 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? 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