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Date acquired: Contracted 2015
Location: 1055 N. Federal Highway, Fort Lauderdale, FL, 33304, USA
Features: SMS contracted to manage 144-room property for an asset management group with foreign investors
This property is a full management contract agreement with a Miami-based company with international investors.
The ownership group purchased the property in 2016 with redevelopment plans to upgrade the asset. SMS Lodging was contracted to manage the property until the renovation was complete.
SMS managed the asset with an average RevPar index of 112 compared against a comp-set of branded properties.
DATE ACQUIRED: Contracted 2019
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: Sept. 2017
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: 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
DATE ACQUIRED: Dec. 2021
FEATURES: 12 waterfront bungalows, 2 restaurants, and exclusive boat
LOCATION: Exuma, The Bahamas
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