A New York REIT has paid $57.7 million for a Boca Raton Marriott, betting hospitality growth in Palm Beach County will make the investment worthwile.
June 17, 2014 at 11:00 AM
1 minute read
A Marriott hotel in Boca Raton has sold for $57.7 million, delivering a tidy profit to the investor who acquired the property a decade ago.
New York-based Carey Watermark Investors Inc., a hospitality real estate investment trust, paid a 79 percent premium on the 2004 price paid for the 256-room hotel at 5150 Town Center Circle. Metropolitan Life Insurance Co. of New York provided a $41 million mortgage in the latest transaction.
Presented by BigVoodoo
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
