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Opterra Capital Acquires Hotel On Collins Avenue In Miami Beach For $28M

Property Image
SOLD
$28,000,000

Florida

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Hotel40,300 SF
Sold 09/28/2022
the dealdetailscomps
Property Image
SOLD

Opterra Capital Acquires Hotel On Collins Avenue In Miami Beach For $28M

2940 Collins Avenue, Miami Beach, Florida 33140, United States

See Similar Deals
Hotel40,300 SF
Sold 09/28/2022
the dealdetailscomps

Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$694
Total Square Footage:40,300 SF
Transaction Type:Sale

2940 Collins Avenue, located in Miami Beach, has been sold in a recent transaction. The property is a hotel with a total area of 40,300 square feet. The sale was completed on 09/28/2022, and the buyer was Opterra Capital represented by Glenn Alba. The seller of the property was Baywood Hotels. The sale price for the hotel was $28,000,000. The property consists of 96 keys, resulting in a price per key of approximately $291,667. The price per square foot for the hotel is $695.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $28,000,000
  • Address: 2940 Collins Avenue, Miami Beach
  • Market: Miami Beach

Glenn Alba from Opterra Capital represented the buyer, while Baywood Hotels was represented by their own broker during the transaction. This sale presents a significant investment opportunity in the thriving Miami Beach market.

Players

OC
Opterra Capital
BUYER
BH
Baywood Hotels
SELLER

Details

SOLD
IMAGE: Glenn Alba DATE: 09/28/2022 ADDRESS: 2940 Collins Avenue MARKET: Miami Beach ASSET TYPE: Hotel BUYER: Opterra Capital (@OpterraCapital) - Glenn Alba SELLER: Baywood Hotels SALE PRICE: $28,000,000 KEYS: 96 ~ PPK: $291,667 SF: 40,300 ~ PPSF: $695

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