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
About this deal
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.
On the Map
$130,000,000
$132,248/SF
Hotel
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Players
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