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ID: MV2022

Iconic Luxury Art Deco Hotel For Sale, South Beach, Miami

United States

Fully redesigned historic Art Deco landmark just steps from the beach, shopping and nightlife in Miami’s most vibrant and iconic neighborhood.

ID: MV2022

Register Interest
Revenue:
$2.8m
Profitability:
42.8%

Location

Steps from the beach. Over 100 Restaurants and Bars are within walking distance of the hotel.


Business Description

33 luxurious rooms and suites have been meticulously and stylishly updated for a hotel experience that offers the ultimate in contemporary design.

The building itself stands three stories high with a total square footage of 19,200, sitting on a 7,000 SF parcel of land zoned MXE (mixed-use entertainment district).

The structure was built in1939 and is a prime example of Classic Art Deco Architecture.

The 33 guest rooms and suites are luxurious and accommodating, ranging from 240 to 500 SF and boast custom-designed furniture and fixtures, wood floors, a serene color palate and a contemporary flare. 


Guests also enjoy spa-like bathrooms that include baths or rainfall showers and unique glass-enclosed wet rooms with therapeutic pebble floors.

Includes stylish restaurant.

The hotel prides itself on attention to detail, from the hand-selected pillows and rugs to the coastal-inspired artwork, reflective of Miami’s tropical surroundings.

YEAR BUILT
1939, Renovated 2017

STORIES
3 + Basement

SQUARE FOOTAGE
19,200SF (Gross Building Area)
17,761 SF (Rentable Area)

2,240 SF (Restaurant/Lounge Area)
358 SF (Average Room Size)

PARKING
On-street, municipal lot and municipal garages

Financial Summary

$2.8m Total Revenue
$1.2m NOI
76% Occupancy Rate

List Price Guide $18m (includes all real estate)

Transaction Information

We welcome serious inquires.

To register interest you will need to complete our Buyer Verification Process.