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1435 Brickell Avenue, Miami...

Fort Partners Acquires Four Seasons Miami Hotel On Brickell Avenue For $130M
SOLDHotel

Fort Partners Acquires Four Seasons Miami Hotel On Brickell Avenue For $130M

1435 Brickell Avenue, Miami, FL, USA

$130,000,000

$132,248/SF

Building Size

983 SF

Asset Type

Hotel

Closing

Jul 1, 2020

AI

The Four Seasons Miami Hotel, located at 1435 Brickell Avenue in the Brickell market of Miami, has been sold in a recent transaction. The hotel features a total of 221 keys, offering a range of accommodations for guests.

Summary of transation details

  • Property Type: Hotel 🏨
  • Sale Price: $130,000,000 (Approx.)
  • Transaction Date: 07/2021
  • Buyer: Fort Partners - Nadim Ashi
  • Seller: Westbrook Partners
  • Brokers: Jim Dockerty, Kevin Davis, and Mark Fisher LL

The buyer in this deal is Fort Partners represented by Nadim Ashi. The seller is Westbrook Partners. The transaction was facilitated by brokers Jim Dockerty, Kevin Davis, and Mark Fisher LL.

Players

Kevin Davis

JLL

Broker

$3B

vol

22 deals

Broker
Nadim Ashi

Nadim Ashi

Fort Partners

Buyer

$2.2B

vol

18 deals

Buyer
Westbrook Partners
Westbrook PartnersSeller
Westbrook Partners
Westbrook PartnersLender

Miami Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93