Alden Hotel

Date acquired: Sept, 2017

Location: 2925 Indian Creek Dr, Miami Beach, FL 33140

Features: 120 room condo property on Miami Beach sold to land developer in 2019

Dissolution of Fractured Condo Hotel

Purchased 71 of the units in 2018 for $17.2M in block purchase, with planned goal of turning property in to a Hotel. Over next 12 months purchased ## more of the units in the building, and took over the condo association. in 2019, as majority unit owner, disolved the “Condo Association” and began initial process for converting propety into a Miami Beach hotel. in Late 2019, and large developer initiated discussion to purchase the property from SMS for a larger project. SMS sold the property for $21.3M aprox 18 months after initial purchase. SMS initiated and oversaw the accumulation of 68 individual condo units at Alden property with business plan of completing condominium conversation in for hotel concept. Accumulation of individual units was accomplished in 6 months and then the entire building was sold to U.S. Hotel developer. 

Other projects

Lord Balfour
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DATE ACQUIRED: Contracted 2019

FEATURES: Specialized Services - SMS contracted to maintain physical asset while closed during Covid period.

LOCATION: 350 Ocean Dr, Miami Beach, FL 33139

Alden Hotel
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DATE ACQUIRED: Sept, 2017

FEATURES: 120 room condo property on Miami Beach sold to land developer in 2019

LOCATION: 2925 Indian Creek Dr, Miami Beach, FL 33140

The Beach Club at Peace & Plenty
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DATE ACQUIRED: Sep, 2018

FEATURES: 5 water facing Eco Cottages and Beach Club and Bar.

LOCATION: Stocking Island, Exuma

Peace & Plenty Resort
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DATE ACQUIRED: Oct, 2017

FEATURES: 32 rooms, restaurant, historic bar, pool, and private boat transportation to the Peace & Plenty Beach Club.

LOCATION: Queen’s Highway Ex 29055, George Town,Exuma, Bahamas

Kahari Resort
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DATE ACQUIRED: Dec 2021

FEATURES: 12 waterfront bungalows, restaurant, and exclusive boat

LOCATION: Exumas, The Bahamas

Best Western
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DATE ACQUIRED: Contracted 2015

FEATURES: SMS was contracted to manage Revenue Management with brand affiliation for ownership.

LOCATION: 10775 Caribbean Blvd.Cutler Ridge, FL 33189