The property involved in the transaction is the Kimpton Angler’s Hotel, located at 600 Washington Avenue in Miami Beach. This hotel asset encompasses nearly 1 acre and features a total of 132 keys. The sale was finalized for $43.5 million, equating to approximately $330,000 per key. The transaction was facilitated with 50% financing and will undergo renovations funded by the buyer.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $43,500,000
• Address: 600 Washington Avenue
• Market: Miami Beach
• Acres: 1
• Keys: 132
• Price per Key: $329,545
• Buyer's Name: Philippe Le Guennec
• Buyer's Company: Hotels Investment & Management Team LLC
• Seller's Name: Ben Rowe
• Seller's Company: KHP Capital Partners
• Buyer's Representative: Susan Gale - One Sotheby's International Realty
• Seller's Representative: Alexandra Lalos - Hodges Ward Elliott

In this transaction, Philippe Le Guennec, representing Hotels Investment & Management Team LLC, acquired the hotel from Ben Rowe of KHP Capital Partners, with the assistance of Susan Gale and Alexandra Lalos as respective representatives for the buyer and seller.