Date Acquired:  1987 Date Exited:  1990 Sector:  Hospitality Location:  Miami, FL

Date Acquired: 1987
Date Exited: 1990
Sector: Hospitality
Location: Miami, FL

Caribbean Motel

After the Caribbean Motel Chain, based in South Florida, was acquired, its furnishings and facilities were upgraded and more modern amenities were added. A strong marketing campaign increased revenues. It was sold within 3 years at a high multiple of purchase price.

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Park Avenue Bank