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Investor Forms Partnership for Stake in South Florida Condo-Hotel

Mondrian South Beach Deal is First for Buyer in Hotel Industry
Mondrian South Beach overlooks Biscayne Bay in Miami Beach, Fla. (CoStar)
Mondrian South Beach overlooks Biscayne Bay in Miami Beach, Fla. (CoStar)
CoStar News
December 17, 2019 | 2:33 P.M.

Real estate firm Crescent Heights has sold 50% of the Mondrian South Beach condominium and hotel in Miami Beach, Florida, to investor Michael S. Liebowitz, saying the deal “will introduce new opportunities for the property in 2020.”

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