The 157-room Radisson RED Miami Airport hotel, located at 3401 Northwest 25th Street, spans 92,965 square feet on a 1.08-acre site. The hotel was sold for $22,000,000, resulting in a price per square foot of $237 and a price per key of $140,127. The property features amenities including a restaurant, pool, and fitness center, and was built in 2021.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $22,000,000
• Address: 3401 Northwest 25th Street (Radisson RED Miami Airport)
• Market: Miami
• Square Footage: 92,965
• Price Per Square Foot: $237
• Keys: 157
• Price Per Key: $140,127
• Buyer: Marc Gagliardi - Kapstones
• Seller: Rodrigo Azpurua - Riviera Point Development Group
• Mortgage Assumed by Buyer: $15,350,000

Marc Gagliardi represented Kapstones Hospitality in the acquisition of the hotel from Rodrigo Azpurua, who represented Riviera Point Development Group. This transaction highlights the collaboration between the two parties in facilitating the sale of the asset.