SOLD
King Street Capital Management, Westdale Properties, And Cedar Capital Partners Acquire Miami Beach Hotel For $120M
1801 Collins Avenue
Hotel
806 SF
806 SF
Sold 1 year ago
Summary
Sale
FLORIDA
Hotel
806 sqft
The property involved in this transaction is a hotel located at 1801 Collins Ave in Miami Beach. The sale took place on 02/04/2020 for a total price of $120,000,000. The hotel has 218 keys, and the price per key was $550,458.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $120,000,000
- Address: 1801 Collins Ave
- Market: Miami Beach
The buyer in this transaction was a partnership between King Street Capital Management represented by David Walch, Westdale Properties represented by Mitchell Cohen, and Cedar Capital Partners represented by Ben Leahy. The seller was W.P. Carey and Russell Galbut of Crescent Heights. The deal was facilitated by Christian Charre, Paul Weimer, and Jennifer Jin of CBRE.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Mitchell Cohen, Ben Leahy, Russell Galbut, Christian Charre, Jennifer Jin & Paul Weimer
DATE: 02/04/2020
ADDRESS: 1801 Collins Ave
MARKET: Miami Beach
ASSET TYPE: Hotel
PRICE: $120,000,000
KEYS: 218 ~ PPK: $550,458
BUYER: King Street Capital Management - David Walch, Westdale Properties - Mitchell Cohen, Cedar Capital Partners - Ben Leahy
SELLER: W.P. Carey, Russell Galbut - Crescent Heights
BROKERS: Christian Charre, Paul Weimer, Jennifer Jin - CBREView on map
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Address1801 Collins Avenue
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