Ceebraid Buys Into the Keys
ISLAMORADA, FL, April 25, 2006. West Palm Beach, FL-based Ceebraid Signal has acquired the landmark Holiday Isle Beach Resorts and Marina for $98.3 million, which translates to $650,662 a unit.
Deerfield Beach, FL-based Celentano Properties was the seller of the 12.6-acre resort, which contains nine buildings with an aggregate of 151 hotel units, 10 restaurant/retail buildings, a gas station and 57-slip deep-water marina.
CBRE represented the seller.
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