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S3 Hospitality Miami Acquires Hotel In Dania Beach For $27.8M

28 South Federal Highway
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This Hotel property located in FL was sold for $27,800,000 over 4 years ago. The brokers of the deal were Usha Patel and Sunil Patel

The hotel located at 28 South Federal Highway in Dania Beach has been sold in a recent transaction. The property, with a total square footage of 93,822 and consisting of 143 units, was acquired by S3 Hospitality Miami for a price of $27,800,000. This amounts to a price per square foot of $296.3 and a price per unit of $194,000. The sale took place on November 4, 2019.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $27,800,000
  • Square Footage: 93,822
  • Units: 143
  • Price per Square Foot: $296.3
  • Price per Unit: $194,000

The sale was facilitated by the sellers, N&S Properties, represented by Nicholas Stankiewicz and Jesse Wood. The buyers, S3 Hospitality Miami, successfully acquired the property with the help of their broker representatives, Sunil Patel, Usha Patel from Kusa Hospitality, and Alvaro Correa. The deal was completed in the market of Dania Beach.

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Deals
  • Location
    28 South Federal Highway, Dania Beach, FL, USA28 South Federal Highway, Dania Beach, FL, USA
  • Sale Price
    $27,800,000$27,800,000
    $296 PPSF$296 PPSF
  • Area
    93,822 SF93,822 SF
  • Asset Type
    HotelHotel
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Usha Patel

Usha Patel

Deals1
Sold$27.8M

Sunil Patel

Sunil Patel

Deals1
Sold$27.8M

Agency

Coldwell Banker

Coldwell Banker

Agency
Deals1405
Volume$9.3B

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Deal Summary

SALE IMAGE: Nicholas Stankiewicz & Jesse Wood DATE: 11/04/2019 ADDRESS: 28 South Federal Highway MARKET: Dania Beach ASSET TYPE: Hotel SELLER: N&S Properties - Nicholas Stankiewicz, Jesse Wood BUYER: S3 Hospitality Miami BROKERS: Sunil Patel, Usha Patel - Kusa Hospitality, Alvaro Correa PRICE: $27,800,000 SF: 93,822 ~ PPSF: $296.3 UNITS: 143 PPU: $194,000

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28 South Federal Highway

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