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City: Miami Beach

Tropics Hotel

Mid-Atlantic Management has sold the 70-room Tropics Hotel in Miami Beach, Fla., for $20 million, or about $285,714/room. The local company sold the property to Bay Area Lodging LLC in a deal brokered by One Sotheby's International Realty. The three-story ...

Westgate South Beach timeshare resort

An affiliate of 13th Floor Investments has bought the Westgate South Beach timeshare resort in Miami Beach, Fla., for $73 million, or about $1.59 million/unit. The Miami multifamily developer bought the 46-unit property, at 3611 Collins Ave., from a venture ...

Nautilus by Arlo Hotel

Service Properties Trust has paid $165.4 million, or $661,600/room, for the 250-room Nautilus by Arlo Hotel in Miami Beach, Fla. The Newton, Mass., REIT, formerly Hospitality Properties Trust, purchased the property from Quadrum Miami Beach LLC, an affiliate of London ...

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