SOBE Hostel

Date acquired: Jan, 2010

Location: 235 Washington Avenue, Miami Beach, FL 33139

Features: 38 room boutique hotel with a small restaurant & bar locationed on Miami Beach

Successful Renovation, Rejuvination and Repositioning of hotel

Purchased Underperfoming asset in 2008 for $3.45M in 2008 After taking over asset SMS planned and execuxted a $500K renovation of the property to update and modernize the asset for the Miami Beach market. Property renovations were completed, while still operating the asset, to maximize Revenue during the renovation period. Asset was re-evaluated for visability post renovation, targeting international Hostel traveller to maximize draw of location and asset

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