MIAMI, June 24, 2021 / PRNewswire / – APEX Capital Realty is proud to announce the recent closure of 97 Key Hotels – approximately 39 -. APEX acted as agent for AMS Hospitality and Black Salmon on the acquisition of this property at 3900 Collins Ave. Miami Beach Fl 33140. The property was owned by Thirtynine Collins LLC.
The property consists of a 3 story 97 key hotel with gross square footage of 35,647 SF buildings on a 22,000 SF lot. The property was last traded for in 2008 8.2 M.. Miguel Pinto, President / Broker of APEX Capital Realty, represented the buyer in this transaction and Samuel Heskiel and Marilina apple tree from the Commercial Division of Beachfront Realty represented the seller.
The hotel is on Miami Beaches active tourist corridor and is in close proximity to the Faena District, the Fontainebleau Hotel, the Soho Beach House Hotel, the Confidante and the Miami Beach Edition Hotel.
“In the early stages of the pandemic, there was a lot of pain in the hospitality industry as hotels were closed to customers. Miaminot only recovered faster than other markets, but now also has one of the highest booking and occupancy rates in the country. This was mainly because the state Florida and Miami remained open for business. By doing Miami Submarket investors still have the option to acquire hotels and transform their F&B operations as there is strong demand from restaurants to activate and differentiate the hotels. “–Miguel Pinto, President / Managing Broker of APEX Capital Realty
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About Apex Capital Realty
APEX Capital Realty is an independent commercial real estate broker like no other. We specialize in finding and creating South Florida most unique and lucrative opportunities on the market.
APEX Capital Realty is comprised of industry experts and disruptors who have an unparalleled understanding of the unique dynamics and trends that drive our local real estate market.
Our focused range of services speaks for our extensive industry knowledge. By incorporating future trends into our process, we can uncover added value for our clients who exploit the full potential of their properties. For more information about Apex Capital Realty, please visit www.apexcapitalrealty.com or call 305-570-2600.
Media contact
Martin Bravo
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305.967.3615
SOURCE Apex Capital Realty
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