MHG Hotels buys Aloft near Fort Lauderdale airport for $33M

MHG Hotels bought the Aloft Fort Lauderdale Airport for $33.3 million.  The Boca Raton-based firm bought the 138-key hotel at 501 Southeast 24th Street, according to a source familiar with the matter. The deal breaks down to almost $241,000 per key.  The seller is an entity tied to Boynton Beach-based Green Park Management, which completed development of the hotel in 2024, records show.  Green Park, led by John Costas, paid $3.3 million for the nearly 1-acre development site in 2020, scoring a $31.7 million construction loan from Bank of America in 2021, records show. Construction of the 14-story building was […]

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