SOLD
Kastrati Group Acquires Hotel On South Miami Ave For $55M
1300 South Miami Avenue
Hotel
120,000 SF
120,000 SF
Sold 211 days ago
Summary
Sale
FLORIDA
Hotel
120,000 sqft
The property involved in this transaction is a hotel located at 1300 South Miami Avenue in Miami. It was sold for a price of $55,000,000. The hotel has a total square footage of 120,000, with a price per square foot of $458. The lot size is 49,998 square feet, with a price per square foot of $1,100. The hotel has 124 keys, resulting in a price per key of $443,548.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $55,000,000
- Square Footage: 120,000
- Price per Square Foot: $458
- Lot Size: 49,998 square feet
- Price per Square Foot (Lot): $1,100
- Number of Keys: 124
- Price per Key: $443,548
The buyer of the hotel is the Kastrati Group, while the seller is Constellation Hotels Holding LTD - Al Thani Royal Family Of Qatar. The representatives for both the buyer and seller are Jordan Karp - Jordan Karp LLC. The buyer's representative is Stefano Santoro - Disruptive Real Estate.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Stefano Santoro & Jordan Karp
DATE: 10/06/2023
ADDRESS: 1300 South Miami Avenue
MARKET: Miami
ASSET TYPE: Hotel
BUYER: Kastrati Group
SELLER: Constellation Hotels Holding LTD - Al Thani Royal Family Of Qatar
BUYER & SELLER'S REP: Jordan Karp (@JayKarp) - Jordan Karp LLC
BUYER'S REP: Stefano Santoro (@StefSantoro) - Disruptive Real Estate
SALE PRICE: $55,000,000
SF: 120,000 ~ PPSF: $458
Lot SF: 49,998 ~ PPLSF: $1,100
KEYS: 124 ~ PPK: $443,548View on map
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Address1300 South Miami Avenue
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