Miami Hospitality real estate sales & leases

3 hospitality deals (3 sales, 0 leases) in Miami (South Florida), all weeks, newest first.

Miami Beach / South Beach 1, Miami Urban Core (Downtown / Brickell / Wynwood) 1, Palm Beach Island / Palm Beach Gardens / Wellington 1

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Asset classSub-market

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Oct 13
Two South Beach hotels including the 97-room Corendon South Beach Miami, 944 Collins Ave
Buyer Corendon Hotels & Resorts, seller company managed by Adam Nadler

Miami Beach / South BeachSaleHospitality192 rooms total; $260,417 per roomMore than $50MSource
Sep 29
Arlo Wynwood hotel, 2217 NW Miami Ct, Miami (built 2022)
Buyer Dauntless Capital Partners, seller Quadrum Global affiliate

Miami Urban Core (Downtown / Brickell / Wynwood)SaleHospitality217 rooms$44.24M (Commercial Observer reports about $65M)Source
Sep 23
Tideline Palm Beach Ocean Resort, 2842 S. Ocean Blvd, Palm Beach (buyer assumed $55M mortgage)
Buyer Fort Partners, seller company led by Jeff Greene

Palm Beach Island / Palm Beach Gardens / WellingtonSaleHospitality134 rooms; $1.12M per room (price per SFBJ incl. furniture and equipment; records show at least $112.6M)$150MSource