Sofitel Miami acquired

sofitel-miami-3LA based real estate investment firm, Laurus Corp,  has just completed its acquisition of the Miami Sofitel located at 5800 Blue Lagood Drive.  The Sofitel is a 14 Story french themed hotel that caters to the business traveller.The property sits on 10 Acres with a total adjusted SF of 230,420 with 17,351 SF of meeting space and 281 rooms.

Laurus Corp recieved $25 Million of debt financing through to New York based Torchlight Investors.  Laurus plans to invest an additional $4 million to upgrade the facility and improve operations. There is an additional 1.3 Acre lot for future development.

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