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ELECTRA AMERICA HOSPITALITY GROUP ACQUIRES AN ICONIC HOTEL IN MIAMI BRICKELL

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.

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