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.