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
About this deal
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.
On the Map
$27,784,314
$252/SF
Hotel
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Players
Miami Hotel Market Snapshot
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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