Victory International USA Acquires Hotel In Miami Beach For $12.8M

The property involved in this closed transaction is a hotel located at 956 Washington Avenue in Miami Beach. The hotel was sold by Luca Quadroni. The buyer, Victory International USA, was represented by Anil K., Rajni B., and Sean Monga. The sale was facilitated by Susan Gale of ONE Sotheby’s International Realty. The transaction took place on September 8, 2021.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $12,800,000
• Address: 956 Washington Avenue
• Market: Miami Beach

The hotel consists of 42 keys with a selling price per key of $303,571. It spans a total area of 24,534 square feet, resulting in a price per square foot of $520.