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COCONUT GROVE, FL-Falor Cos. and an institutional partner have reached a definitive agreement to buy the 179-room hotel here from Lodgian. They want to drop $6.5 million into renovations and sell the property as condo units. Falor is working on other hotel acquisitions in South Florida as well.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
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