Henley USA Acquires Hotel On Park Ave From Encotel LLC In Miami Beach

The Eurostars Vintro Hotel, located at 2216 Park Ave in Miami Beach, FL, was sold by Encotel LLC to Henley USA for $20,000,000. This boutique hotel, built in 1934, offers 50 rooms along with amenities such as a restaurant, bar, rooftop lounge, and plunge pool. Situated in the Collins Park neighborhood, it spans approximately 26,000 square feet and was purchased at a rate of about $400,000 per key.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $20,000,000.00
• Address: 2216 Park Ave, Miami Beach, FL, 33139
• Market: Miami Beach
• Size: 26000 SF
• Buyer: Henley USA
• Seller: Encotel LLC
• Buyer's Rep: Susan Gale(Sotheby's International Realty)

Susan Gale of Sotheby's International Realty represented both the buyer, Henley USA, the U.S. arm of the United Kingdom-based private equity firm Henley, and the seller, Encotel LLC, led by Enrique Colmenares. The off-market deal was completed without disclosing the buyer's identity, noted by One Sotheby’s International Realty. The property, previously traded at $3.5 million in 2011, is centrally located near the Miami Beach Convention Center and the Bass Museum of Art.