Ocean Bank Provides $36M Loan For Hotel At 510 Ocean Drive In Miami Beach

510 Ocean Drive in Miami Beach has been sold in a closed transaction. The property involved in this deal is a hotel, located in the vibrant market of Miami Beach.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $36,000,000
• Date: 11/21/2022
• Address: 510 Ocean Drive
• Market: Miami Beach

The lender in this transaction was Ocean Bank. The landlord of the property is Shadi Shomar, who represents Arte Hospitality Group. Another key figure in the deal is Renata & Cesar Giovannini. They are the landlord's representatives from Adams Gallinar, represented by Michael Gallinar and Jason Camps.