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Terra Group Buys Dezerland Hotel For $65 Million

Terra Group, led by Pedro and David Martin, have purchased the Dezerland Hotel at 8701 Collins Avenue for $65 million, according to a report.

The 225-room oceanfront hotel was designed by Morris Lapidus in 1951, and sits on a 73,675 square foot lot. It is currently branded as a Howard Johnson. The seller was Dezer Properties.

 

Photo via Tripadvisor

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