SMS Lodging advised a private equity real estate fund on the acquisition and turn-around of this 38-room boutique hotel with a restaurant/bar on Miami Beach. Through active hands-on operational management, and Revenue Management, the property witnessed an increase in the trailing 12-month NOI by 218% over an 18-month period.
DATE SOLD: August
2012 FEATURES: NOT
AVAILABLE LOCATION: 235 Washington Avenue, Miami Beach, FL 33139