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Report: Seagull Hotel Miami Beach in Florida sells for $120M

Lionheart Capital and Actium Development Co. joint venture JHG Holdings Miami Owner LLC sold the 172-room Seagull Hotel Miami Beach in Florida to BHI Miami Ltd. for $120 million, The Real Deal reported, citing sources.

The 1948-built hotel at 100 21st St. will be redeveloped into a luxury hotel, the news outlet said, citing the sources.

The hotel sale is the biggest in Miami Beach so far in 2020, according to The Real Deal.