CBRE has arranged the sale of Greenview Hotel, a 45-key boutique hotel at 1671 Washington Ave. in Miami Beach. A private investor purchased the property for under $15 million.
Natalie Castillo and Austin LaPoten with CBRE Hotels represented the seller, Greenview Hotel LLC.
“The Greenview Hotel’s beautiful Art Deco design, great condition and location among world-class developments made it a perfect fit for the buyer, an owner-operator of other Miami Beach hotels looking to expand their portfolio,” said CBRE Senior Vice President Natalie Castillo. “South Beach’s high barrier to entry, this sale and the adjacent construction of the Thompson Hotel South Beach underscores the desire for boutique hotels in the submarket.”
The hotel sits in the heart of the Art Deco District of South Beach. It’s less than two blocks to the beach and within a block to Lincoln Road, with 800,000 square feet of dining and shopping options.
The post CBRE Arranges Sale of South Beach Boutique Hotel appeared first on Connect CRE.
CBRE has arranged the sale of Greenview Hotel, a 45-key boutique hotel at 1671 Washington Ave. in Miami Beach. A private investor purchased the property for under $15 million. Natalie Castillo and Austin LaPoten with CBRE Hotels represented the seller, Greenview Hotel LLC. “The Greenview Hotel’s beautiful Art Deco design, great condition and location among …
The post CBRE Arranges Sale of South Beach Boutique Hotel appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
