Luis Enrique Navarro Sells South Of Fifth Hotel In Miami Beach For $8.38M With Brokers Rick Teed And Vladimir Andreevich Hijazi

The asset involved in the transaction is the South of Fifth Hotel located at 310 Meridian Avenue in Miami Beach. This hotel, known as Art Deco Marela, is a boutique hotel with a sale price of $8,376,676. The property has a total square footage of 8,884, and the price per square foot is $942. There are a total of 17 keys within the hotel, and the price per key is $492,745.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $8,376,676
• Address: 310 Meridian Avenue - South of Fifth Hotel
• Market: Miami Beach
• Asset Square Footage: 8,884
• Price per Square Foot: $942
• Total Keys: 17
• Price per Key: $492,745
• Seller: Luis Enrique Navarro
• Buyer's Representative: Rick Teed - The Agency
• Seller's Representative: Vladimir Andreevich Hijazi - Gallery Estates International Realty

Key individuals involved in the transaction include seller Luis Enrique Navarro, and the buyer's representative Rick Teed from The Agency. The seller's representative is Vladimir Andreevich Hijazi from Gallery Estates International Realty. The note from the broker mentions the successful sale of the hotel as a proud achievement for Gallery Estates International Realty.