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Doral Holiday Inn Trades For $36 Million

Baywood Hotels has sold the Holiday Inn Doral for $36 million, or about $279,000 per room.

Miami-Dade County records show that Baywood, an active investor and developer in South Florida, sold the hotel to Louisville, Kentucky-based Schulte Hospitality Group. The Holiday Inn, at 3255 Northwest 87th Avenue, was developed in 1998 and renovated in February 2014.

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