S3 Hospitality Miami Acquires Hotel In Dania Beach For $27.8M

The hotel located at 28 South Federal Highway in Dania Beach has been sold in a recent transaction. The property, with a total square footage of 93,822 and consisting of 143 units, was acquired by S3 Hospitality Miami for a price of $27,800,000. This amounts to a price per square foot of $296.3 and a price per unit of $194,000. The sale took place on November 4, 2019.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $27,800,000
• Square Footage: 93,822
• Units: 143
• Price per Square Foot: $296.3
• Price per Unit: $194,000

The sale was facilitated by the sellers, N&S Properties, represented by Nicholas Stankiewicz and Jesse Wood. The buyers, S3 Hospitality Miami, successfully acquired the property with the help of their broker representatives, Sunil Patel, Usha Patel from Kusa Hospitality, and Alvaro Correa. The deal was completed in the market of Dania Beach.