SpringHill Suites near Miami airport acquired for $25.6M

The SpringHill Suites Marriott near Miami International Airport was acquired by Delaware-based company NF II Miami South, an affiliate of Georgia-based Noble Investment Group, for $25.6 million, reports the SOuth Florida Business Journal.

Miami-based Blue Lagoon Hospitality was the seller of the 150-room, 90,023-square-foot property at 6700 NW 7th St., for a reported 112-percent premium on its purchase price. The hotel was built in 2002.

Mark Rafuse, managing principal/chief administrative officer at Noble Investment Group and VP of NF II Miami South, represented the company as it received a loan of $18.475 million from Utah-based GE Capital Bank for the deal.

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