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1000, 1020 & 1030 Collins Avenue
SOLD

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

1000, 1020 & 1030 Collins Avenue

Hotel
clock iconSold 1 year ago
Marvin Jeremias
Noam Kaminetzky
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Summary

Sale
FLORIDA
Hotel

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.

Players

  • All

    4

  • Agents

    2

  • Agencies

    2

Marvin Jeremias's profile picture
Marvin Jeremias
Crossmark Capital-image
President
$42M Sold
Noam Kaminetzky's profile picture
Noam Kaminetzky
Meridian Capital Group-image
Managing Director
$42M Sold
Meridian Capital Group's profile picture
Meridian Capital Group
Meridian Capital Group
Crossmark Capital's profile picture
Crossmark Capital
Crossmark Capital

Details

Deal Summary
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SOLD
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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Address1000, 1020 & 1030 Collins Avenue

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