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POMPANO BEACH, FLA. — Bethesda, Md.-based Urgo Hotels has acquired Ocean Point Hotel, a beachfront property in Pompano Beach, for an undisclosed price. Located at 1208 and 1200 N. Ocean Blvd., the nine-story hotel will be renovated to include 114 additional rooms, 3,000 square feet of indoor function/meeting space, 2,000 square feet of outdoor function space, a health club, an outdoor pool and a lobby. The property will reopen under a new flag in the fourth quarter.