Edgewater sells FL Sleep Inn for $7M

Edgewater Group LLC has sold the 77-room Sleep Inn by Choice Hotels in Destin, FL for $7 million. The property was originally bought by EC Hospitality LLC, a wholly owned subsidiary of Edgewater Valley Forge Fund II LP for $6.5 million in December 2017. In December of 2021, EC Hospitality refinanced the asset with a distribution to its fund…

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