Sagar Desai & Luca Migliore Acquire Miami Hotel From Max Martinez For $5.5M

The property involved in the transaction is a hotel located at 5255 Biscayne Boulevard in Miami. The sale price for this asset was $5,500,000, with a total square footage of 20,000 and a price per square foot of $275.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $5,500,000
• Buyer: Sagar Desai - Activate Hospitality; Luca Migliore - Instant Stay Hospitality
• Seller: Max Martinez - Casa Bella
• Address: 5255 Biscayne Boulevard
• Market: Miami

The buyers in this transaction were Sagar Desai representing Activate Hospitality and Luca Migliore representing Instant Stay Hospitality. On the selling side, Max Martinez from Casa Bella facilitated the sale of this property.