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Alden Global Capital Acquires South Beach Hotel For $6M

1415 Collins Avenue
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This Hotel property located in FL was sold for $6,000,000 almost 2 years ago. The broker of the deal was Susan Gale

A hotel located at 1415 Collins Avenue in South Beach has been sold in a transaction overseen by Susan Gale of One Sotheby’s International Realty. The property, previously owned by Miami Real Estate Investment Corp. and represented by Lisa and Pascal Nicolle, was acquired by Alden Global Capital, with Randall Smith acting as the buyer's representative. The sale price of the hotel was $6,000,000.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $6,000,000
  • Date: 05/12/2022
  • Address: 1415 Collins Avenue
  • Market: South Beach
  • Buyer: Alden Global Capital - Randall Smith
  • Seller: Miami Real Estate Investment Corp. - Lisa & Pascal Nicolle
  • Broker: Susan Gale - One Sotheby’s International Realty
  • Keys: 17
  • Price per Key (PPK): $352,941

This transaction represents a successful deal in the South Beach market. With Susan Gale of One Sotheby’s International Realty acting as the broker, Alden Global Capital, represented by Randall Smith, purchased the hotel from Miami Real Estate Investment Corp, which was represented by Lisa and Pascal Nicolle. The hotel, situated at 1415 Collins Avenue, was sold for a total of $6,000,000, with a price per key of $352,941.

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Deals
  • Location
    1415 Collins Avenue, Miami Beach, Florida 33139, United States1415 Collins Avenue, Miami Beach, Florida 33139, United States
  • Sale Price
    $6,000,000$6,000,000
    $358 PPSF$358 PPSF
  • Area
    16,758 SF16,758 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 & Randall Smith DATE: 05/12/2022 ADDRESS: 1415 Collins Avenue MARKET: South Beach ASSET TYPE: Hotel BUYER: Alden Global Capital - Randall Smith SELLER: Miami Real Estate Investment Corp. - Lisa & Pascal Nicolle BROKER: Susan Gale (@SusanGaleGroup) - One Sotheby’s International Realty (@ONESIR) SALE PRICE: $6,000,000 KEYS: 17 ~ PPK: $352,941

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1415 Collins Avenue

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