Lender-Owned: Miami Beach Hotel
26-Key Boutique Hotel | South of Fifth (SoFi) Miami Beach
Marketing description
Greater Miami and Miami Beach welcomed more than 28 million visitors in 2024, generating over $21 billion in visitor spending. Miami Beach is one of the most globally recognized leisure destinations in the United States, supported by strong year-round domestic and international demand.
The subject property is located in the prestigious South of Fifth (“SoFi”) neighborhood of Miami Beach, one of the city’s most coveted and residential-oriented enclaves. The submarket benefits from extremely high barriers to entry driven by strict zoning regulations, height restrictions, and limited hotel inventory, making new hospitality development highly constrained.
South of Fifth continues to attract lifestyle-oriented travelers seeking a quieter, boutique hospitality experience compared to traditional South Beach hotels. The neighborhood’s long-term fundamentals remain strong, supported by luxury residential growth, a concentration of high-end dining destinations, and continued capital inflows into the SoFi submarket.
Investment highlights
Fee simple interest in the lender-owned, recently reopened, 26-key boutique hotel located one block from the beach on Collins Avenue in Miami Beach, Florida
Diverse room mix including private suites, standard rooms, and bunk configurations, allowing for multiple operating strategies
Offered unencumbered by management and debt, providing a clean transition at closing
Opportunity to reposition and enhance performance through hands-on ownership and a refined branding strategy
Attractive basis relative to replacement cost within a highly supply-constrained Miami Beach submarket
Built-out but inactive food & beverage space, providing immediate upside through activation or third-party lease
Future expansion optionality through potential vertical addition, subject to due diligence and municipal approvals
Boutique asset class in SoFi benefits from limited new construction due to zoning, height, and historic constraints
Situated in the South of Fifth enclave, Miami Beach’s most coveted and residential-oriented neighborhood
One block from the ocean and steps from South Pointe Beach and South Pointe Park
Surrounded by ultra-luxury residential towers including Continuum, Apogee, Glass, and One Ocean, with values ranging from ~$1,500–$5,000 PSF
Walking distance to Miami’s most iconic dining destinations, including Joe’s Stone Crab, Carbone, Milos, and Papi Steak
Quiet, low-rise environment offering a rare contrast to the high-density hotel and nightlife corridors north of Fifth Street
Immediate access to the Miami Beach Marina, Ocean Drive, the Art Deco Historic District, beachfront promenades, and Lincoln Road’s premier retail and dining
Convenient access to the Miami Beach Convention Center, a recently renovated facility with ~500,000 SF of exhibit space
Proximate to PortMiami, the world’s busiest cruise port, generating substantial pre- and post-cruise transient demand
Global event calendar including Art Basel, the South Beach Wine & Food Festival, the Miami Boat Show, Formula 1, and major sporting events drives significant compression and ADR spikes
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