T2 Hospitality pays $37M for 163-key oceanfront hotel in Lauderdale-By-The-Sea

T2 Hospitality bought a 163-key oceanfront hotel in Lauderdale-By-The-Sea for $36.6 million.  The Newport Beach, California-based firm purchased Plunge Beach Resort Hotel from an entity managed by Oleksandr Naumyk and Liubov Tereshko, according to records and real estate database Vizzda. T2 Hospitality borrowed $27.5 million from Bank of America.  The purchase breaks down to $224,540 […]This article originally appeared on The Real Deal. Click here to read the full story.