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WPH Properties LLC Acquires Miami Beach Hotel For $43.8M

1050 Washington Avenue
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This Hotel property located in FL was sold for $43,800,000 about 3 years ago. The brokers of the deal were Alexandra Lalos, Rudy Reudelhuber, and Max Comess

WPH Properties LLC, represented by Jean Simonian, has acquired a hotel located at 1050 Washington Ave in Miami Beach. The property was sold by Ladder Capital for a total of $43,800,000. The transaction took place on February 24, 2021.

Summary of transation details

Max Comess, Rudy Reudelhuber, and Alexandra Lalos from Hodges Ward Elliott represented the buyer, WPH Properties LLC, in this transaction. They played a crucial role in facilitating the deal between the buyer and the seller, Ladder Capital. With a total of 181 keys, the hotel has a price per key of $241,989.

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Deals
  • Location
    1050 Washington Avenue, Miami Beach, FL, USA1050 Washington Avenue, Miami Beach, FL, USA
  • Sale Price
    $43,800,000$43,800,000
    $2,009 PPSF$2,009 PPSF
  • Area
    21,800 SF21,800 SF
  • Asset Type
    HotelHotel
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Rudy Reudelhuber

Rudy Reudelhuber

Deals1
Sold$43.8M

Agency

Hodges Ward Elliott

Hodges Ward Elliott

Agency
Deals68
Volume$5.8B

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Deal Summary

SALE IMAGE: Alexandra Lalos, Max Comess, Jean Simonian & Rudy Reudelhuber DATE: 02/24/2021 ADDRESS: 1050 Washington Ave MARKET: Miami Beach ASSET TYPE: Hotel BUYER: WPH Properties LLC - Jean Simonian SELLER: Ladder Capital BROKERS: Max Comess, Rudy Reudelhuber & Alexandra Lalos - Hodges Ward Elliott PRICE: $43,800,000 KEYS: 181 ~ PPK: $241,989

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