SOLD
TPG Real Estate Partners Acquires Miami Hotel On Biscayne Boulevard For $61M
3400 Biscayne Boulevard & 3450 Biscayne Boulevard
Office
Sold 1 year ago
Summary
Sale
FLORIDA
Office
The property involved in this transaction is a hotel located at 3400 Biscayne Boulevard and 3450 Biscayne Boulevard in Miami. The sale took place on June 10, 2021.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $61,000,000
- Address: 3400 Biscayne Boulevard & 3450 Biscayne Boulevard
- Market: Miami
The buyer in this transaction was TPG Real Estate Partners, represented by Jon Winkelried and Jacob Muller. On the other hand, the seller included Aztec Group, represented by Boaz Ashbel, 3H Group, and Arti Hersi. The brokers involved in the deal were Paul Weimer and Ron Danko from CBRE.
The hotel consists of 153 keys, resulting in a price per key (PPK) of $211,111 for the AC Hotel. Additionally, it includes 151 keys at the Hampton Inn, with a PPK of $190,066.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Ron Danko, Paul Weimer, Boaz Ashbel & Jon Winkelried
DATE: 06/10/2021
ADDRESS: 3400 Biscayne Boulevard & 3450 Biscayne Boulevard
MARKET: Miami
ASSET TYPE: Hotel
BUYER: TPG Real Estate Partners - Jon Winkelried & Jacob Muller
SELLER: Aztec Group - Boaz Ashbel; 3H Group & Arti Hersi
BROKERS: Paul Weimer & Ron Danko - CBRE
SALE PRICE: $61,000,000
KEYS: 153 ~ PPK: $211,111 (AC Hotel)
KEYS: 151 ~ PPK: $190,066 (Hampton Inn)View on map
Loading...
Address3400 Biscayne Boulevard & 3450 Biscayne Boulevard
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want