MIAMI–After an 18-month long process, the Holiday Inn Port of Miami just sold. The price: $65 million.

340 Biscayne Owner, an entity run by Gilberto Bomeny, sold the hotel the developer of the proposed ITC Miami. ITC is a mixed-use project planned for the site.

Colliers International South Florida senior vice president Larry Stockton and senior associate Jeff Resnick, brokered the transaction between the buyer. Colliers also represented the buyer, Marina Park Inn.

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