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Royal Stays Miami Acquires Miami Beach Hotel From The Chetrit Group For $42M

1000, 1020 & 1030 Collins Avenue
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This Hotel property located in FL was sold for $42,000,000 over 2 years ago. The brokers of the deal were Noam Kaminetzky and Marvin Jeremias

A hotel located at 1000, 1020, and 1030 Collins Avenue in Miami Beach has been sold for $42,000,000. The property was sold by The Chetrit Group, represented by Joseph Chetrit, to Royal Stays Miami, represented by Yedidiah Buchwald. The transaction took place on September 8, 2021.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $42,000,000
  • Address: 1000, 1020 & 1030 Collins Avenue, Miami Beach
  • Market: Miami Beach

The buyer, Royal Stays Miami, was represented by Yedidiah Buchwald, while the seller, The Chetrit Group, was represented by Joseph Chetrit. The hotel, with 104 keys, was sold at a price per key of $403,846.

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    1000 Collins Avenue, Miami Beach, FL, USA1000 Collins Avenue, Miami Beach, FL, USA
  • Sale Price
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  • Asset Type
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  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

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Deal Summary

SALE IMAGE: Joseph Chetrit DATE: 09/08/2021 ADDRESS: 1000, 1020 & 1030 Collins Avenue MARKET: Miami Beach ASSET TYPE: Hotel BUYER: Royal Stays Miami - Yedidiah Buchwald SELLER: The Chetrit Group - Joseph Chetrit SALE PRICE: $42,000,000 KEYS: 104 ~ PPK: $403,846

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1000, 1020 & 1030 Collins Avenue

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