Closely held Denihan Hospitality Group will extend its luxury-boutique James brand to a third hotel next year: The historic Royal Palm hotel in Miami Beach, Fla. Denihan, the hotel company owned by the Denihan family of New York, agreed to brand and manage the 409-room hotel for new owner KSL Capital Partners LLC. KSL plans a $42.6 million renovation of the 72-year-old hotel to be completed next year.

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