SOLD
AB Asset Management Acquires Hotel In Coconut Grove For $31M
2835 Tigertail Avenue
Hotel
85,688 SF
85,688 SF
Summary
Sale
FLORIDA
Hotel
85,688 sqft
The sale of a hotel located at 2835 Tigertail Avenue in Coconut Grove has been completed. The property, spanning 2 acres, was sold for a total price of $31,000,000. The transaction involved a total of 140 units, resulting in a per unit price of $221,429. The buyer of the hotel is AB Asset Management, represented by Getzy Fellig and Sam Zalmanov. The seller of the property is Hersha Hospitality Trust, represented by Jay Shah.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $31,000,000
- Units: 140
- Price Per Unit: $221,429
- Acres: 2
The transaction was facilitated by a team of brokers from Avison Young's J. The team included John K. Crotty, Michael T. Fay, David Duckworth, Brian C. de la Fé, Emily Brais, and Berkley Bloodworth. Their expertise and efforts contributed to the successful completion of the sale.
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7
Agents
6
Agencies
1
Details
SOLD
IMAGE: David Duckworth, John K. Crotty, Michael T. Fay, Emily Brais, Jay Shah, Brian C. de la Fé, Sam Zalmanov & Getzy fellig
DATE: 03/12/2021
ADDRESS: 2835 Tigertail Avenue
MARKET: Coconut Grove
ASSET TYPE: Hotel
BUYER: AB Asset Management - Getzy Fellig & Sam Zalmanov
SELLER: Hersha Hospitality Trust - Jay Shah
BROKERS: John K. Crotty, Michael T. Fay, David Duckworth, Brian C. de la Fé, Emily Brais & Berkley Bloodworth - Avison Young’s J
PRICE: $31,000,000
UNITS: 140 ~ PPU: $221,429
ACRES: 2 ~ PPA: $15,500,000View on map
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Address2835 Tigertail Avenue
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