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Continental Properties Acquires Surfside Hotel On 1.7 Acres For $69.9M

9200 Collins Avenue
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This Hotel property located in FL was sold for $69,900,000 over 2 years ago. The brokers of the deal were Clint Hodges and William "Bill" Hodges

The property involved in this closed transaction is a hotel located at 9200 Collins Avenue in Surfside. The hotel sits on a 1.7-acre parcel of land and was sold on 12/17/2021.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $69,900,000
  • Address: 9200 Collins Avenue
  • Market: Surfside
  • Acres: 1.7

The buyer of the property is Continental Properties, while the seller is Hotel Development Group, represented by Allen O’Brien. Bill Hodges and Clint Hodges from Hodges Ward Elliott acted as the seller's representatives in this deal.

The property was sold for a price of $69,900,000. It consists of 175 keys, and the price per key (PPK) amounts to $399,429.

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Deals
  • Location
    9200 Collins Avenue, Surfside, FL 331549200 Collins Avenue, Surfside, FL 33154
  • Sale Price
    $69,900,000$69,900,000
    $938 PPSF$938 PPSF
  • Area
    74,465 SF74,465 SF
  • Asset Type
    HotelHotel
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

William "Bill" Hodges

William "Bill" Hodges

Deals1
Sold$69.9M

Agency

Hodges Ward Elliott

Hodges Ward Elliott

Agency
Deals68
Volume$5.8B

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Deal Summary

SALE IMAGE: Clint Hodges, Allen O’Brien & Bill Hodges DATE: 12/17/2021 ADDRESS: 9200 Collins Avenue MARKET: Surfside ASSET TYPE: Hotel ~ ACRES: 1.7 BUYER: Continental Properties SELLER: Hotel Development Group - Allen O’Brien SELLER'S REP: Bill Hodges & Clint Hodges - Hodges Ward Elliott SALE PRICE: $69,900,000 KEYS: 175 ~ PPK: $399,429

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9200 Collins Avenue

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