LLCs linked to Think Hotel Group have purchased The Clinton Hotel in Miami Beach. The $28.5 million sale was four times more than its last sale. According to The Real Deal, seller East Coast Realty Ventures paid $6.9 million for the 81-year-old property in 2007.
The 88-room Clinton Hotel was recently restored to its original state. The project included adding two extra stories and more than 5,500 square feet of retail space and enhanced food and beverage space.
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