MIAMI—The Clinton Hotel, an historic art deco hotel in Miami Beach, just traded hands. Rockville, MD-based East Coast Realty Ventures sold the hotel asset to Think Hotel Group for $28.5 million in an all cash deal.
Douglas Elliman's David Restainer and Michael Hartman represented both the buyer and the seller in the deal. Think owns several hotels in the area at 21st Street in Miami Beach.
“This is the third hotel that Think Group has purchased with us in the last two years,” says Restainer. “The Plymouth and the Ansonia Hotels are currently under development.”
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