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

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

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The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview

14 Jan, 2020

Author Maryam Merchant
Theme Real Estate

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.

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