The provided HTML snippet contains news about the sale of the Courtyard by Marriott Palm Beach Jupiter hotel. The hotel was sold by Finvarb Group to Umbrella Point Holdings for $20.9 million.The provided HTML snippet contains news about the sale of the Courtyard by Marriott Palm Beach Jupiter hotel. The hotel was sold by Finvarb Group to Umbrella Point Holdings for $20.9 million. The hotel is a 128-room property located off I-95, across from Roger Dean Chevrolet Stadium. It was initially purchased by Finvarb Group in 2008 for $3.94 million. The new buyer, Umbrella Point Holdings, is affiliated with JW Marriott Family Enterprises. They plan to renovate the property and retain Marriott International as the management company. The HTML snippet also includes a link to download a list of last week’s deals in Excel format, but the link itself is not included in the provided snippet.
One of the notable deals of the past week was Finvarb Group’s sale of Courtyard by Marriott Palm Beach Jupiter to Umbrella Point Holdings for $20.9 million.
JUPITER, Fla. — Miami-based Finvarb Group sold the 128-room Courtyard by Marriott Palm Beach Jupiter to Umbrella Point Holdings on July 2 for $20.9 million.
According to The Real Deal, Umbrella Point Holdings is affiliated with JW Marriott Family Enterprises. Hunter Hotel Advisors facilitated the transaction.
The hotel is located off I-95, across from Roger Dean Chevrolet Stadium, a professional baseball complex that hosts spring training and minor-league facilities for both the Florida Marlins and St. Louis Cardinals.
Finvarb Group initially purchased the development site in 2008 for $3.94 million.
The new buyer plans to renovate the property and retain Marriott International as the management company.
Click here to download our list of last week’s deals in Excel format.
