South Florida Business Journal Baywood Hotels has sold the 132-room Fairfield Inn & Suites in Florida City, Fla., for $21.5 million, or about $162,879/room. Highgate Capital Investments of Irving, Texas, bought the hotel, which sits on 2.9 acres at 60 SW 352nd St. A Blackstone Group affiliate provided $17.6 million of acquisition financing.

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