The property is located at the corner of 3rd Street and 5th Avenue South, two blocks from gulf beaches. The old world Mediterranean villa style hotel features a garden pool with a Jacuzzi, day spa, fitness room, wet sauna and a steam room.
Louis Fisher, a national auctioneer for Sperry Van Ness/Fisher Auction in Pompano Beach, FL, represented the seller and was responsible for the auction. He says there was strong demand for the property with interest coming from at least 33 states, including California and New York, and five foreign countries--England, Singapore, Germany, Iceland and Canada.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
