The 12 story Langford Hotel located at 121 SE 1st Street in Downtown Miami has been sold for $37 million, according to The Real Deal.

The hotel, built in 1925 was sold by Stambul and purchased by Hotusa Hotels. Stambul purchased the building in 2013 for $2.7 million and spent two years renovating the structure.

Stambul purchased a building a 200 East Flagler for $19.75 million in July 2018 and purchased the old U.S. Post Office and Courthouse Building for $11 million in June 2014.