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While the history of condo hotel resales is rather limited, they are seen as an appreciating asset.
High Rise Townhome Listings In Chicago
A new trend is developers buying existing structures in Miami Beach and either upgrading them, as in the case of The Mimosa which was the former Brazil Motel, or knocking them down and starting over, as in the case of One Bal Harbour in which a multi-family, high-rise building (Harbour House) was demolished and a five-star condo hotel built in its place.
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