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Al Patel Of Baywood Hotels Acquires Hyatt Place Miami Airport-West Doral For $15.35M

Property Image
SOLD
$15,350,000

Florida

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Hotel73,048 SF
Sold 07/11/2025
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Property Image
SOLD

Al Patel Of Baywood Hotels Acquires Hyatt Place Miami Airport-West Doral For $15.35M

3655 Northwest 82nd Avenue

See Similar Deals
Hotel73,048 SF
Sold 07/11/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$210
Total Square Footage:73,048 SF
Transaction Type:Sale

The property asset involved in the transaction is a 124-room Hyatt Place Miami Airport-West/Doral, located at 3655 Northwest 82nd Avenue in Doral. The property spans 2.74 acres and has a total square footage of 73,048. It was sold for a price of $15,350,000, reflecting a price per square foot of $210 and a price per key of $123,790. This sale occurred amidst indications of softening values in the hospitality sector.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $15,350,000
  • Address: 3655 Northwest 82nd Avenue
  • Market: Doral
  • Asset Size: 2.74 acres
  • Total Square Footage: 73,048
  • Price Per Square Foot: $210
  • Keys: 124
  • Price Per Key: $123,790
  • Buyer: Al Patel - Baywood Hotels
  • Seller: Hospitality Investors Trust
  • Lender: US Century Bank

Al Patel represents Baywood Hotels in the acquisition of the property, which reflects a 19% discount from its previous sale price in 2015. The transaction was financed through a loan amounting to $10.85M from US Century Bank.

Players

BH
Baywood Hotels
BUYER
US Century Bank
US Century Bank
LENDER

Details

SOLD
IMAGE: Al Patel DATE: 07/11/2025 ADDRESS: 3655 Northwest 82nd Avenue MARKET: Doral ASSET TYPE: Hotel ~ ACRES: 2.74 BUYER: Al Patel - Baywood Hotels SELLER: Hospitality Investors Trust LENDER: US Century Bank (@USCenturyBank) SALE PRICE: $15,350,000 SF: 73,048 ~ PPSF: $210 KEYS: 124 | PPK: $123,790 NOTE: Baywood Hotels acquired the 124-room Hyatt Place Miami Airport-West/Doral for $15.35M ($123,790/room), a 19% discount from its 2015 sale price of $19M. The deal was financed with a $10.85M loan from U.S. Century Bank and reflects softening values in the hospitality sector.

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