The Miami Suites South Beach is a recently renovated Suite Hotel in South Beach. Originally constructed in1947, the property was fully gut renovated over a three-year period from 2016 to 2018. Although the Covid Pandemic delayed it’s opening in 2019, the Hotel has been in operation since November 2021. It is currently net leased at $34,000 per month although the lease can be terminated upon a sale of the property and a better lease negotiated. The Miami Suites South Beach is a legal short-term rental asset just two blocks from world-famous Lincoln Road Mall, Biscayne Bay, and the revitalized Alton Road commercial corridor. It is also easy walking distance to Flamingo Park, Ocean Drive, and the Beach! Each of the fourteen Suites has been lovingly restored and meticulously maintained- both inside and out. All Suites have been renovated with new central A/C, electrical and plumbing systems, fire sprinklers and egress equipment, fixtures and finishes, lavish furnishings, and impact windows and doors. The Miami Suites South Beach is fully ADA compliant, includes a small lobby, is appropriately licensed for daily rentals, and is fully operational. Suite Hotels have become the “go-to” destinations for vacationers, business travelers, and those seeking a non-traditional hotel experience. The Miami Suites South Beach offers fourteen stand-alone One-Bedroom and Two-Bedroom Suites with all the comforts of home. Perfect for families, groups, or getaways, the Suite Hotel is here to stay. See attached Offering Memorandum for additional information including an Appraisal and Projections.