Four Seasons hotel in Miami sold for $2.9

According to a report by Condo Vultures, another Miami hotel for sale , the Four Seasons in downtown, was sold on March 24th for $29.5 million.

Condo Vultures, a brokerage that focuses on distressed sales, reports that they bought the larger high-rise portion of the Miami hotel for sale on Brickell Avenue, which also includes condominiums, office space and a spa. The deal apparently was for the hotel portion alone.

Condo Vultures said that the 221 unit, 70 story tower located at 1441 Brickell Avenue was valued at $85 million in tax records.

Quoting Miami-Dade County and Florida Secretary of State Records, Condo Vultures in Bal Harbor said that FSM Hotel LLC, which does business as Four Seasons Hotel Miami, sold the property to Westbrook Partners, a Florida corporation.

The purchase covered just the hotel portion of the Four Seasons, Condo Vultures reported.

A spokeswoman for the Four Seasons could not immediately confirm the sale.

Contributed by MLR Realty