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Real Estate Rumors: Heyat, Himmel + Meringoff, Encore

By Andrew McIntyre ( June 16, 2017, 4:45 PM EDT) -- An entity affiliated with Heyat Hospitality Group LLC has sold a hotel on Collins Avenue in Miami Beach for $32 million, The Real Deal reported Friday. The purchase is for the Redbury South Beach hotel, a 69-room, three-story property located at 1776 Collins Ave., and the buyer is Florida developer Blue Road, the report said. The hotel was built in 1952, according to the report....

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