International Institutional Buyer Acquires Holiday Inn Express Miami Springs For $16.2 Million

The property asset involved in the transaction is a hotel located at 5125 Northwest 36th Street in Miami Springs. The hotel, which has 110 keys, was sold for a total price of $16,200,000, translating to $147,273 per key.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $16,200,000
• Address: 5125 Northwest 36th Street
• Market: Miami Springs
• Price per Key: $147,273
• Keys: 110

Ahmed Kabani and Luis Garino of Kabani Hotel Group were the brokers involved in facilitating the off-market deal. The transaction was made with an international institutional buyer and includes the rebranding of the hotel from Holiday Inn Express Miami Springs to The Onyx Hotel Miami Airport.