MIAMI—Il Lugano, a 105-suite luxury boutiquehotel on Fort Lauderdale's Intracoastal Waterway,has a new owner. Il Lugano sold it to an affiliate of Mass.-basedClaremont Companies in a all-case deal.
The hotel sold for $24.2 million. The wholedeal was done in 45 days.
HFF director Max Comess,senior managing director Daniel C. Peek, managingdirector Denny Meikleham, and real estate analystsScott Wadler, Alexandra Lalos,and Cecily Nazario, represented the seller.SageCrest Liquidating Trust, which is beingmanaged by the Liquidating Trustee, JohnD. Huber, a managing director at SOLIC CapitalAdvisors, owned Il Lugano.
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