breaking news

Winter storm effects: More than two dozen flights in and out of PBIA delayed or canceled

Palm Beach Gardens Marriott property sells for discount


The Palm Beach Gardens Marriott has sold at a significant discount to the price it fetched a decade ago, according to property records.

Rockbridge Capital of Columbus, Ohio, paid $29 million for the 279-room hotel at 4000 RCA Blvd., according to property records.

The hotel last sold in 2007, when Investcorp of New York paid $59.3 million during the height of a commercial real estate boom.

Rockbridge took a $35 million mortgage from Florida Community Bank. A loan amount that exceeds the purchase price would seem to suggest the new owner plans to renovate the property, which was built in 1990.


Reader Comments ...


Next Up in

What happens when a train strikes a pedestrian?

The invitation-only ride on Brightline’s express train should have taken 35 minutes. The locomotive pulled out of the company’s station in downtown Fort Lauderdale about 6 p.m. on Friday headed for West Palm Beach. But as the train reached the railroad crossing at Northeast Sixth Avenue in Boynton Beach — the trip came to an abrupt...
Payday lenders get big win after contributions to Trump pick
Payday lenders get big win after contributions to Trump pick

A consumer agency taken over by an appointee of President Donald Trump who took more than $62,000 in contributions from payday lenders while in Congress said it will suspend landmark rules aimed at alleged predatory abuses in that industry. Mick Mulvaney serves as the Trump administration’s budget director and acting consumer bureau...
Check out these new ‘my Social Security’ features in the new year
Check out these new ‘my Social Security’ features in the new year

2018 is here! It’s a new year There’s no better time to tell you about the new features we have in “my Social Security.” They not only save you time but also put you in control of your retirement future. There are a growing number of states (and the District of Columbia) where, if you’re a resident, you can request a replacement...
End of an era: Kretzer Piano closing after 33 years in business
End of an era: Kretzer Piano closing after 33 years in business

After 33 years in business, Kretzer Piano owner Kathi Kretzer-Sayler said it’s time for her to stop selling music and start savoring it instead. Kretzer Piano, at 240 W. Indiantown Road in Jupiter, will close its doors within 60 days. A liquidation sale is set for Feb. 8-11, Kretzer-Sayler said Tuesday. The piano store’s shutdown marks...
How to win an argument at work - or stop one before it starts
How to win an argument at work - or stop one before it starts

No one expects to navigate the work world without the occasional argument. And it's nice to "win" when you're in the right. »RELATED: Does birth order affect you in the workplace? But what really matters more than besting your manager or co-workers in an argument is how you handle the conflicts that are an inevitable part of work, ...
More Stories