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Florida’s W Hotel & Residences is sold to Related Cos.

Related Cos. has acquired the 346-room W Hotel & Residences in Fort Lauderdale, Fla., for an undisclosed sum. The transaction includes the property’s 147 unsold condominium units, which Related bought for $90 million. The hotel will continue to operate under the W Hotels flag. Read the Sun-Sentinel story here

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