Sotherly said in a statement that it also has signed a 20-year management agreement for the parking garage and poolside cabanas of the Hollywood, Fla.-based resort, in addition to an agreement to operate the condominium association.
The recently completed 342-unit condominium-hotel consists of 265 use-restricted units and 77 residences.
The company said it has received $1 million regarding some pre-opening preparations.
Price: 6.69, Change: +0.05, Percent Change: +0.75
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