Hot Deal: REIT Buys Hilton Cabana For $71.6 Million

Address: 6261 Collins Ave., Miami Beach

Property type: 231-room, 107,250-square-foot hotel built in 1951

Price: $71.6 million or $310,000 per room

Seller: RP/WG Cabana Owner LP, linked to Boston-based Rockpoint Group LLC

Buyer: RLJ Lodging Trust

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