facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Hotel

/

Sale

/

255 Northwest 25th Street

Baran Suzer Of Suzer Group Acquires Controlling Stake In Moxy Miami Wynwood Hotel
SOLDHotel

Baran Suzer Of Suzer Group Acquires Controlling Stake In Moxy Miami Wynwood Hotel

255 Northwest 25th Street

$27,784,314

$252/SF

Building Size

110,000 SF

Asset Type

Hotel

Closing

Jan 30, 2025

AI

The transaction involves the Moxy Miami Wynwood Hotel located at 255 Northwest 25th Street in Miami. This hotel asset encompasses 110,000 square feet and features 120 boutique-style rooms along with two restaurants and 28,000 square feet designated for food, beverage, and lounge spaces. The sale pertains to a controlling stake in the hotel, reflecting its importance within Miami's vibrant hospitality landscape.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not Disclosed
  • Address: 255 Northwest 25th Street
  • Market: Miami
  • Asset Size: 110,000 SF
  • Keys: 120
  • Buyer: Baran Suzer - Suzer Group
  • Seller: Dolphin Capital Partners and Baywood Hotels
  • Broker: Jordan Karp - Jordan Karp LLC

Jordan Karp of Jordan Karp LLC facilitated the partnership amongst Suzer Group, Dolphin Capital Partners, and Baywood Hotels, playing a significant role in this equity sale. His involvement illustrates his commitment to shaping crucial real estate and hospitality transactions in Miami, particularly as the Wynwood area experiences notable cultural and economic growth.

Players

Jordan Karp

Broker

$762.5M

vol

56 deals

Broker

Miami Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93