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2445 Collins Avenue, Miami ...

JHSF International Acquires Hotel In Miami Beach For $70M
SOLDHotel

JHSF International Acquires Hotel In Miami Beach For $70M

2445 Collins Avenue, Miami Beach, FL 33140

$70,000,000

$843/SF

Building Size

83,000 SF

Asset Type

Hotel

Closing

Aug 27, 2021

AI

JHSF International, led by Jose Auriemo Neto, has acquired a hotel property located at 2445 Collins Avenue in Miami Beach. The transaction took place on August 27, 2021, and the property was sold by Como Hotels and Resorts, represented by Steven Grapstein. The sale price for this hotel asset was $70,000,000. The property is situated in a highly desirable location in the Miami Beach market.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $70,000,000
  • Buyer: JHSF International - Jose Auriemo Neto
  • Seller: Como Hotels and Resorts - Steven Grapstein
  • Broker: Susan Gale - Susan Gale Group - One Sotheby's International Realty

This significant acquisition was facilitated by Susan Gale from the Susan Gale Group, who represented both JHSF International and Como Hotels and Resorts in the deal. The hotel asset on 2445 Collins Avenue offers a lucrative investment opportunity in the thriving Miami Beach market.

Players

Susan Gale

Sotheby's International Realty

Broker

$208.4M

vol

9 deals

Broker

Miami Beach Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93