Bobby Julian Of Kolter Group Acquires Normandy Plaza Hotel From Antonio Villarino For $26M
6979 Collins Avenue
$26,000,000
$1,216/SF
Building Size
21,377 SF
Asset Type
Hotel
Closing
Jan 13, 2026
AI
KT Collins Ave LLC acquired the Normandy Plaza Hotel located at 6979 Collins Avenue in Miami. The property sold for $26 million and encompasses 21,377 square feet, pricing the sale at $1,216 per square foot. The transaction successfully closed on January 13, 2026, with Antonio Villarino acting as the seller.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $26,000,000
- Buyer: Bobby Julian - Kolter Group
- Seller: Antonio Villarino
- Square Footage: 21,377
- Price per Square Foot: $1,216
- Closing Date: January 13, 2026
The transaction involved Bobby Julian representing Kolter Group as the buyer in this real estate deal, facilitating the acquisition from seller Antonio Villarino.
Players
Miami Beach Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93