Israeli company Electra Real Estate has acquired its third U.S. hotel in the past six months, this time targeting Miami — a market attracting a number of new corporate headquarters.
Electra America Hospitality Group, a joint venture between Electra America and AKA, a division of Korman Communities, bought the Conrad Miami hotel for $126.5 million, according to an announcement filed with the Tel Aviv Stock Exchange, where Electra’s stock is traded.