A joint venture purchases the iconic Sagamore Hotel for $677,000 per room after its former owner died.
April 15, 2016 at 12:00 AM
1 minute read
Miami Beach’s Sagamore Hotel sold for $63 million in a deal that broke down to $677,419 per room.
The 1948-built icon at 1671 Collins Ave. was purchased by a joint venture between Fort Lauderdale-based InSite Group and New York-based EL Group, InSite announced Thursday.
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