Fla. apartment complex will become a boutique hotel

01/16/2013 | Hotel Management online

A group led by Geolo Capital has reportedly acquired the Crown at Miami Beach apartment complex in Miami Beach, Fla., for $100 million, with plans to convert the property into a 388-room boutique hotel. The group plans to invest $67 million in the property, which is scheduled to open in 2014 as the Miami Beach Roosevelt.

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