Witkoff Acquires Hotel In Miami For $94M With Sellers MDM Group
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This Hotel property located in FL was sold for $94,000,000 over 3 years ago. The brokers of the deal were Manny de Zarraga, Nick Scribani, Dustin Stolly, and Jordan (Jordy) Roeschlaub
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- Location700 North Miami Avenue, Miami, FL 33136
- Sale Price$94,000,000$459 PPSF
- Area204,732 SF
- Asset TypeHotel
- Parties4 Brokers, 2 Agencies
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Deal Summary
SALE
IMAGE: Jordan Roeschlaub, Nick Scribani, Steven Witkoff, Richard Mack, Alex Witkoff, Kevin Cullinan & Dustin Stolly
DATE: 07/02/2021
ADDRESS: 700 North Miami Avenue
MARKET: Miami
ASSET TYPE: Hotel
BUYER: Witkoff - Steven Witkoff & Alex Witkoff; Monroe Capital - Theodore Koenig
SELLER: MDM Group - Florencia Tabeni, Ricardo Glas & Luis Pulenta
BROKER: Manny De Zárraga - JLL
LENDER: Kevin Cullinan & Richard Mack - Mack Real Estate Credit Strategies
MORTGAGE BROKERS: Nick Scribani, Dustin Stolly & Jordan Roeschlaub - Newmark
SALE PRICE: $94,000,000
ACRES: 4.7 ~ PPA: $20,000,000
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700 North Miami Avenue
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