Karim Alibhai
Miami-based investor Karim Alibhai acquired the Ritz-Carlton Fort Lauderdale for nearly $66 million, Daily Business Review reported, citing Broward County records.
RCFL Investor LLC, of which Alibhai is president, obtained a $45.13 million loan from a group of lenders managed by SunTrust Bank for the oceanfront 166-room hotel and 28 condominium-hotel units at 1 N. Fort Lauderdale Beach Blvd., the Review reported.
Alibhai helms Miami-based hotel and resort developer Gencom, which has built a number of projects under the Ritz-Carlton flag. [Daily Business Review] — Emily Schmall
via The Real Deal Miami http://feedproxy.google.com/~r/trdnews_miami/~3/efSjTN72YhU/
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