Date acquired: Feb. 2011
Location: 819 Simonton Street, Key West, FL 33040
Features: 18 rooms, 1 pool,1 jacuzzi
SMS Lodging led the acquisition of this 18-room boutique Inn in Key West and is the management company of the property. By enhancing the online presence of the property, and aggressively applying revenue management techniques, room revenue increased by 33% year-over-year.
February 2011 – Purchased an 18 room all-suite for $4,345,000;
November 2019 – Refinanced the property, and paid back all the capital invested to investors.
The latest appraisal valued the property at $9,600,000, an appreciation of more than 120% in 10 years;
$2.2mm in Revenue in 2019, $1.3mm in Revenue in the first half of 2021.
DATE ACQUIRED: Feb. 2011
FEATURES: 18 rooms, 1 pool, 1 jacuzzi
LOCATION: 819 Simonton Street, Key West, FL 33040
WEBSITE: https://theparadiseinn.com/
DATE ACQUIRED: Contracted 2015
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: 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