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Blue Suede Buys Former Kayak Hotel In Miami Beach

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Just a month after gaining control of the former Kayak Hotel in Miami Beach, loan service provider Trimont Real Estate Advisors sold the Art Deco property to Blue Suede Hospitality Group.

The New York-based investor paid $12.8 million for the 51-room building at 2216 Park Avenue. The two-story structure was completed in 1934 and expanded in 2014.


Source:  Commercial Observer

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