Gas Depot Oil Co. Acquires Even Hotel Miami – Airport In $29M Deal

Chicago-based investor George Nediyakalayil has acquired the 190-room Even Hotel Miami – Airport near Miami International Airport for $29 million. The hotel is located at 3499 Northwest 25th Street in Miami and sits on a 1.9-acre property. The transaction was financed with an $18.6 million loan from the State Bank of Texas. The seller of the hotel was an affiliate of Epelboim Development Group.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $29,000,000
• Address: 3499 Northwest 25th Street - Even Hotel Miami – Airport
• Market: Miami
• Acres: 1.9

Gas Depot Oil Co., represented by George Nediyakalayil, served as the buyer in the transaction. The seller, Epelboim Development Group, was represented by Noel Epelboim. The State Bank of Texas provided financing for the deal.