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Anish Khimani Acquires Miami Beach's Tropics Hotel For $20M

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SOLD
$20,000,000

Florida

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Hotel
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Property Image
SOLD

Anish Khimani Acquires Miami Beach's Tropics Hotel For $20M

Miami Beach

See Similar Deals
Hotel
Sold
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Hotel
Transaction Type:Sale

Anish Khimani acquired Miami Beach's Tropics Hotel located at 1550 Collins Avenue for $20 million. The three-story Art Deco hotel features 70 rooms and a pool. The transaction took place on 06/29/2023.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $20,000,000
  • Address: 1550 Collins Avenue, Miami Beach
  • Market: Miami Beach
  • Buyer: Anish Khimani
  • Seller: Armando J. Opprecht
  • Broker: Susan Gale - Gale Group International - ONE Sotheby’s International Realty
  • Keys: 70
  • Price Per Key (PPK): $285,714

Notable details about the Tropics Hotel acquisition include Anish Khimani's plan to lease the property for short-term rentals.

Players

Susan Gale
Sotheby's International Realty
Susan Gale
9 deals$208.4M volume
BROKER

Details

SOLD
IMAGE: Susan Gale DATE: 06/29/2023 ADDRESS: 1550 Collins Avenue - Tropics Hotel MARKET: Miami Beach ASSET TYPE: Hotel BUYER: Anish Khimani SELLER: Armando J. Opprecht BROKER: Susan Gale - Gale Group International (@GaleGroupInternational) - ONE Sotheby’s International Realty (@ONESIR) SALE PRICE: $20,000,000 KEYS: 70 ~ PPK: $285,714 NOTE: Anish Khimani acquired Miami Beach's Tropics Hotel for $20 million and plans to lease it for short-term rentals. The three-story Art Deco hotel features 70 rooms and a pool.

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