Kolter Hospitality And BH Group Acquire Crystal Beach Suites Miami Hotel For $24M | 6985 Collins Avenue - Crystal Beach Suites Miami | Hotel | Sale

Summary

Sale

FLORIDA

Hotel

Kolter Hospitality and BH Group have acquired the Crystal Beach Suites Miami Oceanfront Hotel in Miami Beach for $24 million. The 84-room hotel, located at 6985 Collins Avenue, was previously operated as a timeshare condominium but has been restructured by the previous owner. The property is situated in the bustling market of Miami Beach.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $24,000,000
Address: 6985 Collins Avenue
Market: Miami Beach

The buyer, Kolter Hospitality, was represented by Bobby Julien, while Liat Toledano and Isaac Toledano represented BH Group. The seller is Hillel A. Meyers. The deal included 84 keys, with a price per key of $285,714.

Note: The acquisition of the Crystal Beach Suites Miami Oceanfront Hotel marks a significant investment for Kolter Hospitality and BH Group in the Miami Beach market.

Details

Deal Summary

SOLD

IMAGE: Liat Toledano, Isaac Toledano & Bobby Julien DATE: 11/20/2023 ADDRESS: 6985 Collins Avenue - Crystal Beach Suites Miami MARKET: Miami Beach ASSET TYPE: Hotel BUYER: Kolter Hospitality - Bobby Julien; BH Group (@BHGroupMiami) - Liat Toledano (@Liat_8) & Isaac Toledano SELLER: Hillel A. Meyers SALE PRICE: $24,000,000 KEYS: 84 ~ PPK: $285,714 NOTE: Kolter Hospitality and BH Group acquired the Crystal Beach Suites Miami Oceanfront Hotel in Miami Beach for $24 million. The 84-room property, sold by companies managed by Hillel A. Meyers, previously operated as a timeshare condominium but was restructured by the previous owner.

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Address6985 Collins Avenue - Crystal Beach Suites Miami

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