Related Ross, a property firm run by billionaire Stephen Ross, is buying The Ben hotel in West Palm Beach from Wheelock Street Capital for about US$190 million.
(Nov 8): Related Ross, a property firm run by billionaire Stephen Ross, is buying The Ben hotel in West Palm Beach, expanding his bet on the Florida city.
The company has agreed to purchase the hotel from Wheelock Street Capital for about US$190 million, according to people familiar with the transaction who asked not to be identified discussing private information. Bloomberg previously reported that the seller was working with real estate services firm CBRE Group Inc to market the property…