Cindy Barreda Of Trimont Real Estate Advisors Buys Kayak Miami Beach Hotel For $13.6M

The hotel located at 2216 Park Avenue in Miami Beach, known as Kayak Miami Beach, was sold in a transaction involving Cindy Barreda of Trimont Real Estate Advisors as the buyer and Josh Green of Raven Capital Management as the seller. The property was acquired for $13.6 million, comprising 51 keys with a price per key of $266,667. Trimont Real Estate Advisors obtained the hotel through a deed in lieu of foreclosure sale, paying approximately $260,000 less than the outstanding mortgage debt owed to Varde Partners. The two-story hotel was initially bought for $20 million in 2018 by Raven Capital Management and later rebranded under the Kayak flag in 2021 before this recent sale.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $13,600,000
• Address: 2216 Park Avenue - Kayak Miami Beach
• Market: Miami Beach

Cindy Barreda of Trimont Real Estate Advisors acted as the buyer in this transaction, acquiring the Kayak Miami Beach property from Josh Green of Raven Capital Management. The acquisition took place for $13.6 million, with Barreda's team purchasing the hotel in a deed in lieu of foreclosure sale. The property, consisting of 51 keys, was rebranded under the Kayak name in 2021, adding another chapter to its ownership history.