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Florida & Gulf Coast  + Central Florida  + Hospitality  |  April 4, 2022
JEMB Realty Corporation has acquired the Wyndham Grand Clearwater Beach for $170 million.
Lisa McDuffie
By: Lisa McDuffie

JEMB Realty Corporation Shells Out $170M for Wyndham Grand Clearwater Beach

JEMB Realty Corporation has acquired the Wyndham Grand Clearwater Beach for $170 million.

The acquisition was completed in conjunction with Bailey Acquisitions, a subsidiary of JEMB focused on pursuing strategic opportunities in major US markets. The seller, Kiran Patel, will remain a minority partner in a new joint venture led by the Bailey and Jerome family firm.

The deal was spearheaded by Morris Bailey, principal of Bailey Acquisitions.

Built in 2017, the 343-room, full-service Wyndham Grand is directly on Clearwater Beach and includes 17,000 square feet of meeting space.

JEMB Realty Corp. is a real estate and energy investment firm that with its subsidiary BUSAC Real Estate in Montreal, Quebec owns and operates in excess of 8.2 million square feet of commercial space in North America.

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JEMB Realty Corporation

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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