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South Florida Hotel Changes Hands, Set for Renovations

Miami Beach Property to Become State's First Found Hotel
The Alden Hotel in Miami Beach, Fla., will operate under the Found Hotels flag. (Courtesy of JLL)
The Alden Hotel in Miami Beach, Fla., will operate under the Found Hotels flag. (Courtesy of JLL)
CoStar News
October 16, 2019 | 9:36 P.M.

A Southern California investor paid $21.3 million for a Miami Beach, Florida, hotel and plans to renovate the property, which will operate under a new brand for the state.

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News | South Florida Hotel Changes Hands, Set for Renovations