Royal Stays Miami Acquires Miami Beach Hotel From The Chetrit Group For $42M

A hotel located at 1000, 1020, and 1030 Collins Avenue in Miami Beach has been sold for $42,000,000. The property was sold by The Chetrit Group, represented by Joseph Chetrit, to Royal Stays Miami, represented by Yedidiah Buchwald. The transaction took place on September 8, 2021.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $42,000,000
• Address: 1000, 1020 & 1030 Collins Avenue, Miami Beach
• Market: Miami Beach

The buyer, Royal Stays Miami, was represented by Yedidiah Buchwald, while the seller, The Chetrit Group, was represented by Joseph Chetrit. The hotel, with 104 keys, was sold at a price per key of $403,846.