6080 Collins Ave - Hospitality FOR SALE


Miami Beach, FL 33140- Oceanfront
$45,000,000 USD
786-393-8609
6080 Collins Ave, Miami Beach, FL for Sale
$45,000,000 USD
Hospitality - FOR SALE
1/9
null | Request Cap Rate

6080 Collins Ave
Miami Beach, FL 33140
Oceanfront


HIGHLIGHTS

  • Sixty80 Design Hotel is a 70-key hospitality asset in the heart of Miami Beach, Florida, offering stunning city views.
  • There are 61 parking spaces available, a bonus amenity built into this south Florida hospitality asset.
  • Prime hotel retail space is leased to Starbucks, a major in-house demand driver for hotel patrons.
  • Office space is built into this hospitality asset, enabling remote and collaborative work to take place on-site during patron's stays.

OVERVIEW

The Sixty80 Design Hotel in Miami Beach presents a compelling investment opportunity. With its 70 luxurious rooms spread across six stories, this condo hotel offers a unique blend of ownership options. This offer is to acquire 70 hotel units + 70 parking spaces & storage, plus retail space leased to Starbucks and an office. (In addition to the current offering, there is an option to acquire only the 34 hotel-owned units + 61 parking spaces for 27M, including the 70-key hotel management program, while the remaining 36 units belong to private investors. The Management Program covers both aspects of the property, ensuring a streamlined operation for investors). One of the standout features is the inclusion of an in-house Starbucks store, providing a recognizable brand presence and potentially enhancing revenue streams. The ten-year licensing agreement adds stability to this aspect of the investment. Additionally, ownership of the underlying land adds intrinsic value and control over the property's long-term development potential. The dedicated parking space further enhances convenience for guests, adding to the overall appeal of the investment. The variety of accommodations, from suites to penthouses, caters to diverse guest preferences, while the captivating interior design and private terraces offer a luxurious experience. Situated in a premium location with limited hotel development opportunities permitted in the area, the Sixty80 Design Hotel stands out as an exceptional investment choice in the vibrant city of Miami Beach.

FOR SALE DETAILS

PRICE

$45,000,000 USD

PRICE/SF

$645 USD /SF

# OF ROOMS

70

PRICE/ROOM

$642,857 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sixty80 Design Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

A

YEAR BUILT

2019

PARKING SPACES

61

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,313 SF

ZONING

R2

APN/PARCEL ID

02-3211-099-0001

ASK ABOUT THIS PROPERTY

Pablo HobermanUrbis Real EstateMore Info
786-393-8609

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Pablo HobermanUrbis Real EstateMore Info
786-393-8609

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.