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709391 | Miami 5* Hotel 105+ Keys TOP invest (or 103 with a

Miami 5* Hotel 105+ Keys TOP invest (or 103 with a
Type: buy
PriceAmerican $29,085,000.00
Seller
Quantity: 1
Availability: yes
Location: Miami Beach , Florida, United States

Miami 5* Hotel 105+ Keys TOP invest (or 103 with a few suites), 2 pools (one rooftop and one ground level), a large upscale restaurant that would cater to the entire hotel/rooftop,  a boutique/merchant and has beach access on the same street in the USA.

Kindly note 5 Stars hotels for sale in Miami Florida USA. Below mention the details of the hotel.

The Hotel is a historic landmark trophy asset and possesses the most desirable location as of today.

Its located in the heart of Miami Beach and is already approved for 105+ rooms (or 103 with a few suites), 2 pools (one rooftop and one ground level), a large upscale restaurant that would cater to the entire hotel/rooftop,  a boutique/merchant and has beach access on the same street. As discussed, the sellers will deliver this asset with the plans and permits for the rehab (which would take between 16-18 months). All the renderings that you see in the OM (attached below) are perfectly tailored to the plans, so what you see is what you’re going to get based on the plans.

I have attached the Offering Memorandum and the project budget estimate for the renovation

The ask is $29.085.000 while the rehab cost falls at around $14.5mm. The after repair value is projected to be 600k/key.

If you have any questions or would like to see the comprehensive plans, I would be happy to send them over.

Note: To move forward: 

 

-  Buyer / Buyer Rep to sign asset specific NCND/MFA  

-  Buyer to submit Non-binding LOI and POF to connect with seller.  

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