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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.
July 02, 2025
Uncertainty grows as prices and sales volumes retreat.
July 02, 2025
Metro-level nuances reveal opportunities that might not be obvious based on national trends.
July 02, 2025
Vacancy is set to tick up 10 basis points this year but remain 110 basis points below the national average.
