South Florida Business Journal Blue Suede Hospitality Group has bought the Blue Moon Hotel, a 75-room property at 944 Collins Ave. in Miami, for $16.63 million, or about $221,733/unit. The Englewood, N.J., company purchased the three-story hotel from Hersha Hospitality Trust of Philadelphia, which had acquired it in 2013 for $16.77 million. The property was […]

The post Miami’s Blue Moon Hotel Sells for $16.63Mln appeared first on Commercial Real Estate Direct.