The Hotel Arya Coconut Grove, located at 2889 Mcfarlane Road in Miami, with a total of 1.33 acres of land, was recently sold for $16,230,000. The transaction included the sale of 19 hotel-condo units within the property, amounting to a price per unit of $854,211. The buyers of the property were Juan Uribe from Miami Vacation Rentals and Florian Hagenbuch. The sellers of the hotel were Balbir Gosal, Baldev Johal, and Ranjit Johal.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $16,230,000
• Units: 19
• Buyer: Juan Uribe - Miami Vacation Rentals; Florian Hagenbuch
• Seller: Balbir Gosal, Baldev Johal & Ranjit Johal
• Market: Miami
• Asset Type: Hotel
• Acres: 1.33

CG Miami Hospitality LLC purchased the commercial unit within the Hotel Arya Coconut Grove for $4.25 million. Hogni Investments FL I acquired the 19 hotel-condo units for $11.98 million, with both deals involving seller financing. The successful transaction involved these key individuals and companies, shaping the deal between the buyers and sellers in the vibrant market of Miami.