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The $250,000,000 real estate investor Ben Mallah paid cash for this $16.5 million waterfront estate, [25] by far the most ever paid for a residential property in the Tampa Bay area. Originally built by Ryan Howard , nicknamed the Big Piece ", is an American former professional baseball first baseman .
To maintain the hotels, he had to spend about $200,000 a month per hotel — losing roughly $1 million per month. “Things ... Investor Ben Mallah to sell several hotels
Local real estate investor Ben Mallah has sold his Four Points by Sheraton Orlando International Drive hotel in a $31 million deal. Mallah, who is a manager of Largo-based Equity Management Partners and owns multiple hotels and properties, told the St. Pete Catalyst he sold the hotel at 5905 International Drive for $31 million on Aug. 24.
Clearwater Beach includes a resort area and a residential area on a barrier island in the Gulf of Mexico in Pinellas County on the west-central coast of Florida, United States. Located just west over the Intracoastal Waterway by way of the Clearwater Memorial Causeway from the rest of the city of Clearwater, Florida , of which it is part ...
Last year, he reportedly sold a 12,000 square-foot home in Belleair for $8.7 million, a Sheraton-branded hotel in Fort Lauderdale for $28 million, and a handful of shopping centers across Florida.
In addition to refinancing, Mallah credits the 1031 exchange rule as a cornerstone of his wealth-building strategy, using this powerful tax-deferral tool to continually expand his real estate ...