Downtown Miami Holiday Inn Sells For $43M

 Holiday Inn in Downtown Miami

Holiday Inn in Downtown Miami

Kawa Capital Management has paid $43 million for the Holiday Inn in Downtown Miami, according to SFBJ. 

The sale included a lease buyback by the seller with both parties obtaining financing.

The site was last purchased in November 2015  by developer Gilberto Bomeny with plans to build a 77 story mixed used tower called ITC Miami and was designed by Arquitectonica.