Greenview Hotel In Miami Beach Sells For Under $15M To Private Investor

The Greenview Hotel, a 45-key boutique hotel located at 1671 Washington Avenue in Miami Beach, has been sold for under $15 million. The property's Art Deco design, excellent condition, and prime location in the Art Deco District contributed to its appeal, highlighting the demand for boutique hotels in the South Beach submarket. The sale price of the hotel was $15,000,000, with a price per key of $333,333.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $15,000,000
• Keys: 45
• Price Per Key: $333,333
• Brokers: Natalie Castillo & Austin LaPoten - CBRE

The sale of the Greenview Hotel was facilitated by brokers Natalie Castillo and Austin LaPoten from CBRE. Their expertise and representation were crucial in successfully closing the deal for the private investor.