Dauntless Capital Partners Acquires Arlo Wynwood Hotel In Miami For $44.24M From Quadrum Global

The hotel asset in question is the Arlo Wynwood, located at 2217 Northwest Miami Court in Miami, FL. The property spans 144,848 square feet and features 217 rooms. It includes amenities such as a pool, restaurant, and lobby bar. The sale was completed for $44,240,000. The property is situated on a land parcel of 31,302 square feet.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $44,240,000
• Buyer: Craig Ballard & Cramer Williams - Dauntless Capital Partners
• Seller: Amir Setayesh & Anoop Rustgi - Quadrum Global
• Lender: BMO Bank
• Mortgage Amount: $43,000,000
• Keys: 217
• PPK: $203,871

This transaction involved Craig Ballard and Cramer Williams representing Dauntless Capital Partners from Houston, who acquired the property from Amir Setayesh and Anoop Rustgi of Quadrum Global. The financing for this deal was facilitated by BMO Bank, which provided a substantial mortgage, firmly establishing the financial framework for this acquisition.