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Victory International USA Acquires Hotel In Miami Beach For $12.8M

956 Washington Avenue
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This Hotel property located in FL was sold for $12,800,000 over 2 years ago. The broker of the deal was Susan Gale

The property involved in this closed transaction is a hotel located at 956 Washington Avenue in Miami Beach. The hotel was sold by Luca Quadroni. The buyer, Victory International USA, was represented by Anil K., Rajni B., and Sean Monga. The sale was facilitated by Susan Gale of ONE Sotheby’s International Realty. The transaction took place on September 8, 2021.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $12,800,000
  • Address: 956 Washington Avenue
  • Market: Miami Beach

The hotel consists of 42 keys with a selling price per key of $303,571. It spans a total area of 24,534 square feet, resulting in a price per square foot of $520.

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Deals
  • Location
    956 Washington Avenue, Miami Beach, FL 33139956 Washington Avenue, Miami Beach, FL 33139
  • Sale Price
    $12,800,000$12,800,000
    $521 PPSF$521 PPSF
  • Area
    24,534 SF24,534 SF
  • Asset Type
    HotelHotel
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Susan Gale

Susan Gale

Deals7
Sold$144.9M

Agency

Sotheby's International Realty

Sotheby's International Realty

Agency
Deals1411
Volume$12.5B

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Deal Summary

SALE IMAGE: Susan Gale DATE: 09/08/2021 ADDRESS: 956 Washington Avenue MARKET: Miami Beach ASSET TYPE: Hotel BUYER: Victory International USA - Anil K., Rajni B. & Sean Monga SELLER: Luca Quadroni BROKER: Susan Gale (@SusanGaleGroup) - ONE Sotheby’s International Realty (@Onesir) SALE PRICE: $12,800,000 KEYS: 42 ~ PPK: $303,571 SF: 24,534 ~ PPSF: $520

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956 Washington Avenue

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