Newmark Advises on Sale of Iconic W Hotel South Beach [Yahoo! Finance]
Newmark Group, Inc. - Class A (NMRK)
Last newmark group, inc. - class a earnings: 2/13 08:01 am
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Source: Yahoo! Finance
of the 20-story oceanfront W Hotel South Beach in Miami, Florida . Newmark was an advisor to the seller, Tricap Reuben Brothers purchased the property. "I am confident that the Reuben Brothers family will take the W to the next level of greatness, and look forward to the success they will achieve and the impact they will make on the world-class luxury Miami Beach hospitality market," said David Edelstein , Principal at Tricap. "I thank Related New York for the excellent work it did as builder of the W Hotel and RFR Realty for its partnership. Lastly, it's been terrific as always working with Newmark." The sale is the largest hotel transaction in the Miami market this year, as well as being the newest hotel property to sell since 2021 "The W Hotel South Beach is a world-class, trophy asset and a once-in-a-lifetime opportunity," said Doug Harmon , Co-Head of U.S. Capital Markets for Newmark. "We are eager to see this property continue to thrive under new ownership." Tricap purch
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NMRK
Earnings
- 11/6/24 - Beat
NMRK
Analyst Actions
- 9/5/24 - Keefe, Bruyette & Woods
NMRK
Sec Filings
- 11/21/24 - Form SC
- 11/21/24 - Form 8-K
- 11/12/24 - Form SC
- NMRK's page on the SEC website