SOUTH BEACH HOTEL MIAMI BEACH, FL. 33139
$33,000,000
> COMPLETELY RENOVATED> PRICE $33,000,000 + FEES
>
> • 46 Rooms in total - (42 rooms - 4 Jr Suites facing Ocean Drive)
> • Completely stripped and renovation ongoing to be completed by January with hurricane proof impact glass, new electrical and plumbing
> • To be positioned as Luxury Boutique Hotel with prestigious South Beach location-
> • Very tastefully done with high end finishes from all around the world.
> • Bar with full liquor license
> • Restaurant with approximate 15 tables
> • The Restaurant is calculated with a lease for $25,000 per month
> • The Restaurant can be run by the new owner and can bring in higher revenues
> • ADR (average daily rate) is projected between $275 - $325 per night
> • Expenses are projected at 45%
> • Occupancy is projected between 75% - 85%
> • Cap rates are projected between 6.8% - 9% with a purchase price of $33,000,000
>
> For financials and full details, please provide POF + NDA + LOI