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Wichita Kansas Bank of America Robbery

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A Look at Hotel Projects in the Works

INTERNATIONAL REPORT—Hotels are under construction around the globe. City projects, airport hotels and Caribbean resorts are just some of the recent developments:

Riviera Point Invest + Develop to Develop Miami Hotel

Riviera Miami Airport LLC, an affiliate of Riviera Point Invest + Develop, has closed on the purchase of a 43,168-sq.-ft.­ vacant property east of Miami International Airport for $3.8 million. The seller is Vicose Land Investment managed by Jose I. Bared and Victor Bared. The property is close to the Miami Intermodal, which connects the Tri­Rail and Metrorail to Miami International Airport and Downtown Miami. Riviera Point plans to build a six­-story hotel with 170 rooms, a pool, fitness center, business center, outdoor cafe and 44 parking spaces. The project is expected to break ground in the first quarter of 2020 and open in the third quarter of 2021, with total development costs reaching approximately $45 million. Currently, the developer is in the process of selecting a brand for the hotel.

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