OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Garden Hotel Miami Airport, located in Miami Springs, Florida. The 107-room, interior corridor hotel is located less than 5 miles west of Interstate 95, and less than 3 miles to the Miami International Airport.
SELLER FINANCING AVAILABLE - SUBJECT TO APPROVAL | SELLER INVESTED $3M INTO RECENT RENOVATIONS
PROPERTY OVERVIEW:
The property located in Miami Springs, Florida, is situated near multiple diverse demand generators and in a high growth market. Guest types may include leisure and business travelers, Miami International Airport traffic, travelers on I-95, healthcare professionals, travel nurses, construction workers, snowbirds, stick marsh fishing guests, University of Miami students and their families, group business which can include sports teams, family reunions, wedding parties and more.
LOCATION OVERVIEW
Miami Springs, located within the Miami-Fort Lauderdale-Pompano Beach Metropolitan Statistical Area (MSA), is a vibrant city in Miami-Dade County, Florida. While the city maintains a charming, small-town atmosphere, it benefits from the strategic location near Miami International Airport - one of the largest employers in the region - which makes it a hotspot for hospitality demand, particularly from air travelers and business professionals. The area is home to numerous hotels and restaurants catering to both short-term and extended stays. Miami Springs is also known for its historic charm, featuring attractions such as the Miami Springs Golf & Country Club and Curtiss Mansion, the former home of aviation pioneer Glenn Curtiss. The city’s proximity to downtown Miami, South Beach, and popular cultural hubs makes it a convenient base for tourists exploring the region. Its steady population growth, fueled by its connectivity and amenities, underscores its appeal as a thriving community within South Florida.
Miami-Fort Lauderdale-Pompano Beach Metropolitan Statistical Area
Population of 6,138,333
Miami International Airport
Hosts over 1,000 Daily Flights to 185 Domestic and International Destinations
Miami Sports Teams Generate $1B + Gross Revenues
Miami Dolphins, Miami Marlins, Miami Heat, Inter Miami FC
Property Highlights:
• Garden Hotel Miami Airport, Trademark Collection by Wyndham
• 107 Rooms | 2 Stories | Interior Corridor
• $3,000,000+/- in Recent Renovations
• Located in a High Growth Market
• Upward Trend in Revenue
• Situated Near Multiple Diverse Demand Generators
• Amenities Include: Complimentary Breakfast, 24-Hr Front Desk, High Speed Internet, Complimentary Parking
Location Highlights:
• 2.8 Miles to Miami International Airport
• 5.0 Miles to LoanDepot Park (Home to the Miami Marlins)
• 5.4 Miles to University of Miami Hospital
• 8.6 Miles to Downtown Miami
• 9.1 Miles to Miami Beach
• 9.3 Miles to the University of Miami
• 9.7 Miles to Miami Children’s Museum
• 16.3 Miles to Hard Rock Stadium (Home to the Miami Dolphins)
Financial Highlights:
• List Price of $16,000,000
• Year 1 Projected Room Revenue of $2,960,849
• Year 1 Projected Net Operating Income of $1,155,816
• Year 1 Projected ADR / Occ / RevPAR of $97.32 / 77.9% / $75.81
• YE 2024 Comp Set ADR / Occ / RevPAR of $104.70 / 82.7% / $86.56