Hotel's $214M sale sets area precedent

  • By Business Observer Staff
  • | 6:11 p.m. April 21, 2017
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ST. PETERSBURG BEACH — The “Pink Palace,” the iconic Don CeSar Hotel and Resort on St. Pete Beach, fetched $214 million when it was acquired earlier this year by Host Hotels & Resorts, a Bethesda, Md.-based company that spun off of Marriott International two decades ago.

 

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