FORT LAUDERDALE-Three Fort Lauderdale hotel properties facing foreclosure have been sold to Swedish investor Par Sanda for nearly $5 million.

The Sanda affiliate—Sanda's Kathy is Great LLC—purchased the three properties that were slated for foreclosure action for $4.9 million, according to the South Florida Business Journal. Sanda now owns The Martindale, which features 18 Art Deco rooms at 3016 Bayshore Drive; The Seaside Motel, which has 22 units at 350 N. Birch Road; and The Sandy Shores Motel at 3008 Bayshore Drive.

Iberiabank filed a foreclosure in 2011 against Sable Resorts and managing member Lawrence A. Duprey over $5.6 million in mortgages on the three hotels Sanda just purchased, as well as fourth property that Sable retains ownership—the Front Hotel and Apartments at 2908 Bayshore Drive. See story in the South Florida Business Journal.