The Julia Hotel was purchased in 2015 and Hotel St Augustine was purchased in 2017.
Renovated both buildings, reopened as boutique properties in heart of the “South of Fifth” neighborhood of Miami Beach.
Operated both hotels at cash positive revenue for three years capitalizing on upscale 3-star neighborhood hotels, an alternative to hustle and bustle of Ocean Drive.
Closed properties in 2020 due to Covid, but leased both buildings to an Airbnb concept business partner. Maintained ownership of buildings, dropped all liability of operating hotel property, and still own physical assets in Miami Beach.
Work closely with the asset leaser on Airbnb business (Airbnb Hotel) concept and utilized the same structure on current owned assets in Key West and the Bahamas.
DATE ACQUIRED: Engaged to Manage 05.2017
FEATURES: SMS contracted to manage 144-room property for an asset management group with foreign investors
LOCATION: 1055 N. Federal Highway, Fort Lauderdale, FL, 33304, USA
DATE ACQUIRED: 2020
FEATURES: Specialized Services - SMS was contracted to maintain physical asset while closed during Covid period.
LOCATION: 350 Ocean Dr., Miami Beach, FL 33139
DATE ACQUIRED: July 2018
FEATURES: 120 room condo property in Miami Beach sold to a land developer in 2019.
LOCATION: 2925 Indian Creek Dr., Miami Beach, FL 33140
DATE ACQUIRED: Sep. 2018
FEATURES: 5 water facing Eco-Cottages and Beach Club and Bar.
LOCATION: Stocking Island, Exuma
DATE ACQUIRED: Sept. 2018
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
DATE ACQUIRED: Nov 2019
FEATURES: 12 waterfront bungalows, 2 restaurants, and exclusive boat
LOCATION: Exuma, The Bahamas