King Street Real Estate, Westdale Properties and Cedar Capital Partners to acquire Shelborne South Beach Hotel for $120m.

King Street, a global investment firm, Westdale, a real estate investment firm, and Cedar Capital, a provider of asset management and financial advisory services, agreed to acquire Shelborne South Beach Hotel in Miami Beach for $120m. “We are very proud of this acquisition, along with our partners King Street Real Estate and Cedar Capital, and remain committed to working together to redefine this property while continuing to respect its heritage. It’s not often that you get the opportunity to purchase a hotel with such great potential, along with an incredible location right on the beach," Mitchell Cohen, Westdale COO.