Service Properties Trust Acquires Miami Beach Hotel For $165.4M

The Hotel at 1825 Collins Avenue in Miami Beach has been sold in a recent transaction. The property, situated in the bustling market of Miami Beach, was acquired by Service Properties Trust, represented by Todd Hargreaves. The seller of the hotel was Quadrum Global. The deal was facilitated by a team of brokers, including Scott Ellman, Alyssa Kidd, and Peter Flexner from Eastdil Secured, as well as Paul Weimer and Christian Charre from CBRE.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $165,400,000
• Address: 1825 Collins Avenue, Miami Beach

Service Properties Trust, led by Todd Hargreaves, successfully purchased the hotel from Quadrum Global. The deal was guided by a team of reputable brokers, including Scott Ellman, Alyssa Kidd, and Peter Flexner from Eastdil Secured, along with Paul Weimer and Christian Charre from CBRE. The acquisition price for the hotel amounted to $165,400,000.