Anish Khimani Acquires Miami Beach's Tropics Hotel For $20M | 1550 Collins Avenue - Tropics Hotel | Susan Gale | Hotel | Sale

Summary

Sale

FLORIDA

Hotel

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

All
2

Agents
1
Agencies
1

Susan Gale

Executive Director, Commercial & Luxury Specialty Properties

$144.9M Sold

Sotheby's International Realty

Details

Deal Summary

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.

View on map

Address1550 Collins Avenue - Tropics Hotel

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want