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MIAMI — Lionstone Group has completed the disposition of Seville Hotel, which is located in Miami's South Beach. Marriott and hotelier Ian Schrager acquired the 400-key hotel for $57.5 million. Phillip Hudson III, a partner with Arnstein & Lehr, lead negotiations on behalf of the Lionstone Group regarding the underlying loan with FirstBank Puerto Rico. The previous owner of the hotel was 2901 Beach Ventures, which consisted of two equal partners, Lionstone Group and Fortune International Management. The buyers plan to redevelop the 12-story property into an new boutique hotel.