Electra America Hospitality Group Purchases Brand New West Palm Beach Property to Transform to Luxury Hotel Residence

Electra America  | April 14, 2022

West Palm Beach, FL – April 14, 2022 – Electra America Hospitality Group (EAHG), a joint venture between Electra America and AKA, has acquired a brand new property in downtown West Palm Beach that will be transformed into an upscale, hotel residence catering to the city’s rapidly growing corporate and leisure travel community. The joint venture purchased the newly built, six- story building located at 695 S. Olive Avenue, for $84 million from developer Transwestern Development Company. It is conveniently located within walking distance of historic Clematis Street, the Brightline West Palm Beach train station, numerous restaurants and...