For years, Nitin and Dev Motwani have been the talking heads (and managing partners) of their family company, Merrimac Ventures, which has completed more than
Tag: Hospitality
Henderson Park-led JV takes over PGA National Resort in $400M-plus deal
Henderson Park, Salamander Collection and South Street Partners teamed up to purchase the PGA National Resort in Palm Beach Gardens. The Henderson Park-led joint venture
Süzer buys majority stake in Wynwood’s Moxy hotel for $99M
Süzer Group bought a majority stake in the Moxy Miami Wynwood hotel for $99 million, The Real Deal has learned. The Istanbul-based firm purchased a
Related, BH launch sales for Viceroy Residences Aventura
Frequent development partners Related Group and BH Group are launching sales for Viceroy Residences Aventura, one of the city’s first planned condo towers in years.
Former exec sues Alden affiliate over allegedly lowballing his stake in properties in South Florida, elsewhere
Hedge fund Alden Global Capital’s real estate division allegedly tried to shortchange a former property manager and investor in his payout for South Florida hotels
BDT & MSD proposes 60-unit project at Boca Raton Resort, amid luxury condo frenzy in South Florida
BDT & MSD Partners proposes a 60-unit condominium at Boca Raton Resort & Club, amid a development frenzy for luxury projects in South Florida. The
Steve Ross lands $150 refi for downtown West Palm convention center hotel, as billionaire continues area investment
Steve Ross, the billionaire developer shunning retirement to continue working in South Florida, is on a refinancing roll. His company, Related Ross, scored a $150
Kapstones expands into South Florida, buys Radisson-branded hotel for $22M
Kapstones is planting its flag in Miami by acquiring a Radisson-branded hotel for $22 million. An affiliate of Sarasota-based Kapstones, led by CEO Marc Gagliardi,
Billionaire Jeff Greene sells former Palm Beach Post Office to the Breakers for $28M
Billionaire Jeff Greene sold the former Palm Beach Post Office to the Breakers for $28 million. Records show the developer sold the building at 95
Here are South Florida’s biggest hotel sales of 2024
The top 10 South Florida hotel sales of the past year featured some of the biggest institutional names in real estate taking over a handful