Activate Hospitality buys West Palm Beach Holiday Inn and dev site for $24M

Activate Hospitality purchased a West Palm Beach Holiday Inn and an adjacent development site for $23.8 million in a bankruptcy sale.

An affiliate of Miami-based Activate Hospitality acquired the 199-key hotel at 1301 Belvedere Road and a vacant 2.5-acre parcel approved for another hotel with 120 rooms, court records show.

Bridgeinvest financed Activate Hospitality’s purchase with an undisclosed loan amount, a press release states.

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