Crescent Heights announced yesterday that it has sold 50 percent of the Mondrian South Beach hotel to investor Michael S. Liebowitz for an undisclosed amount. Russell Galbut, Managing Principal of Crescent Heights, will retain 50 percent ownership of the Mondrian South Beach, and Menin Hospitality will continue to manage and operate the property.
Developed by Safe Harbor Development LLC and managed by Davidson Hotels & Resorts, the 12-story hotel features 166 guestrooms, as well as 52 Margaritaville Vacation Club by Wyndham suites, and is centrally located a half block south of the Music City Center, near Broadway.
Have you ever been paid to test a product? Have you ever earned financial credits while you learned to use a software? This is not something that many modern business owners or professionals can answer in the affirmative. Yet, the recent release of the Hotelogix ACE or Automated Coaching Engine enables hoteliers to earn towards the purchase of their hotel property management software.