At Mine Hospitality Leases 39-Key Hotel In Fort Lauderdale From Landlord Andrey Shelestov

Another addition to At Mine Hospitality's portfolio in Florida, a 39-key hotel located at 1147 Seabreeze Blvd in Fort Lauderdale, has been leased. The lease deal was finalized on January 10, 2022, with a modified gross lease agreement for a term of 5 years. The landlord, Andrey Shelestov, agreed to lease the property to At Mine Hospitality, represented by Samuel Raccah & Jason Belisario. The asking rent for the 15,156 square feet hotel property was $50 per square foot, amounting to $750,000 per year.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: Modified Gross Lease

At Mine Hospitality, led by Samuel Raccah & Jason Belisario, is expanding its presence in Florida with this additional hotel property. The company's portfolio has already reached over 100 keys within less than a year of operation. With plans to exceed 500 rooms in the next 12 months, At Mine Hospitality aims to generate approximately $5 million in profits annually, thanks to its ongoing expansion efforts and upcoming deals in negotiation.