Victory International USA Acquires Hotel In Miami Beach For $12.8M | 956 Washington Avenue | Susan Gale | Hotel | Sale

Summary

Sale

FLORIDA

Hotel

24,534 sqft

The property involved in this closed transaction is a hotel located at 956 Washington Avenue in Miami Beach. The hotel was sold by Luca Quadroni. The buyer, Victory International USA, was represented by Anil K., Rajni B., and Sean Monga. The sale was facilitated by Susan Gale of ONE Sotheby’s International Realty. The transaction took place on September 8, 2021.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $12,800,000
Address: 956 Washington Avenue
Market: Miami Beach

The hotel consists of 42 keys with a selling price per key of $303,571. It spans a total area of 24,534 square feet, resulting in a price per square foot of $520.

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Players

All
2

Agents
1
Agencies
1

Susan Gale

Executive Director, Commercial & Luxury Specialty Properties

$144.9M Sold

Details

Deal Summary

SOLD

IMAGE: Susan Gale DATE: 09/08/2021 ADDRESS: 956 Washington Avenue MARKET: Miami Beach ASSET TYPE: Hotel BUYER: Victory International USA - Anil K., Rajni B. & Sean Monga SELLER: Luca Quadroni BROKER: Susan Gale (@SusanGaleGroup) - ONE Sotheby’s International Realty (@Onesir) SALE PRICE: $12,800,000 KEYS: 42 ~ PPK: $303,571 SF: 24,534 ~ PPSF: $520

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Address956 Washington Avenue

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