A company affiliated with Los Angeles-based investment real estate company CIM Group sold the SLS South Beach for $125 million this week.
The seller of the 140-room hotel is a group called 1701 Collins Miami Owner. The buyer is similarly calling itself 1701 Miami Owner. It is a company affiliated with Daniel Tain and Marco Ferri, based in Saint Peter Port, Guernsey, an island in the English Channel off the coast of Normandy.
The property previously sold for $24 million in 2004.
SLS South Beach…
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