Continental Bayside Hotel Miami Sold for $13.5 Million
From The Miami Herald
Continental Bayside Hotel Miami Sold for $13.5 Million
The budget Continental Bayside Hotel in downtown Miami has sold to a joint venture.InSite Group and the Carlyle Group together bought the 243-room property for $13.5 million, according to real estate investment firm Jones Lang LaSalle Hotels, which arranged the sale on behalf of RFR Holding Corporation.
A full renovation will begin in early 2012, said Ronald Tencer, vice president of acquisitions and development for InSite Group. The company is in the process of deciding on a brand. Click here for the full story.
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