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Miami Investor Picks Up Two St. Pete Beach Hotels for $100 Million

Excel Hospitality Sells the Grand Plaza Hotel and the Beachcomber Beach Resort
The Grand Plaza Hotel in St. Pete Beach, Florida, was originally built in 1975, but was later renovated. Photo: Holliday Fenoglio Fowler
The Grand Plaza Hotel in St. Pete Beach, Florida, was originally built in 1975, but was later renovated. Photo: Holliday Fenoglio Fowler
By Paul Owers & Ella Anderson
January 8, 2019 | 10:34 P.M.

The owner of three Miami-area Ritz-Carltons, confident in the stability of Tampa Bay's hospitality market, paid $100 million for two waterfront hotels a quarter mile apart in St. Pete Beach, Florida.

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