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Pestana South Beach Art Deco Hotel Opens in Miami

Pestana South Beach Art Deco Hotel Opens in Miami

Miami, Fla.—The opening of Pestana South Beach Art Deco Hotel will represent the first investment by the Group Pestana in the U.S. market. Pestana, Portugal’s largest tourism group, is well known for its heritage Pousadas de Portugal hotel brand across ...

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Laurus Corporation Acquires Sofitel Miami Hotel

Laurus Corporation Acquires Sofitel Miami Hotel

LOS ANGELES—Laurus Corporation, a U.S.-based private real estate investment and development firm, announced that it has completed the acquisition of the Sofitel Miami hotel. The 14-story luxury hotel sits on 10 acres with a total of 281 rooms and 17,351 ...

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RLJ Lodging Trust to Acquire Hilton Cabana Miami Beach

RLJ Lodging Trust to Acquire Hilton Cabana Miami Beach

BETHESDA, Md.—RLJ Lodging Trust announced that it has entered into a purchase and sale agreement to acquire upon completion the 231-room Hilton Cabana Miami Beach for a fixed purchase price of $71.6 million, or approximately $310,000 per key. The property ...

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