Log In/Sign Up
Your email has been sent.
Penguin Hotel 1418 Ocean Dr 46 Room Hotel Miami Beach, FL 33139 For Sale
INVESTMENT HIGHLIGHTS
- Premier Location – Prime Ocean Drive and Collins Avenue locations by the beach, close to vibrant restaurants, shops, and nightlife.
- Strong Global Demand – Located in a globally recognized destination, which attracts millions of visitors each year.
- Unencumbered Opportunity - Unencumbered by brand or management, offering potential for repositioning, branding, or value-add enhancements to maximiz
- High Visibility & Foot Traffic – With an Ocean Drive presence and over 140 feet on Collins Avenue (A1A) in a high-demand area.
- Turnkey Investment – Fully operational, income-producing boutique hotels with 159 rooms and 2 liquor licenses.
- Flexible Zoning - Mixed-use entertainment (MXE) zoning allows for hotel, retail, restaurant and more.
EXECUTIVE SUMMARY
FIRST TIME ON THE MARKET
Independently owned and operated by the same owner for 28 years
This is a rare opportunity to acquire a 159-room portfolio comprising 3 adjacent hotels in the heart of the exciting South Beach Art Deco District, close to vibrant restaurants, shops, and nightlife. The Penguin Hotel offers 46 guest rooms on Ocean Drive facing Lummus Park and the Atlantic Ocean, and the President Hotel & the President Villa offer 113 guest rooms on Collins Avenue (A1A) with a rooftop pool, 10 parking spaces and retail space. The hotels are independently owned and operated, and are offered fee simple and unencumbered by brand or management, affording a new owner maximum flexibility in a popular beach destination which attracts millions of visitors each year.
Penguin Hotel, 1418 Ocean Drive
• 46-room hotel with liquor license
• Penthouse with oceanfront terrace
The President Hotel, 1423 Collins Avenue
• 64-room hotel with bar and liquor license
• Penthouse rooms with private terrace
The President Villa, 1425 Collins Avenue
• 49-room hotel with pool, parking, and retail
• Balcony rooms and penthouse terrace suites
Independently owned and operated by the same owner for 28 years
This is a rare opportunity to acquire a 159-room portfolio comprising 3 adjacent hotels in the heart of the exciting South Beach Art Deco District, close to vibrant restaurants, shops, and nightlife. The Penguin Hotel offers 46 guest rooms on Ocean Drive facing Lummus Park and the Atlantic Ocean, and the President Hotel & the President Villa offer 113 guest rooms on Collins Avenue (A1A) with a rooftop pool, 10 parking spaces and retail space. The hotels are independently owned and operated, and are offered fee simple and unencumbered by brand or management, affording a new owner maximum flexibility in a popular beach destination which attracts millions of visitors each year.
Penguin Hotel, 1418 Ocean Drive
• 46-room hotel with liquor license
• Penthouse with oceanfront terrace
The President Hotel, 1423 Collins Avenue
• 64-room hotel with bar and liquor license
• Penthouse rooms with private terrace
The President Villa, 1425 Collins Avenue
• 49-room hotel with pool, parking, and retail
• Balcony rooms and penthouse terrace suites
PROPERTY FACTS
| Sale Type | Investment | Building Size | 14,558 SF |
| Sale Condition | Bulk/Portfolio Sale | No. Rooms | 46 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1948/2006 |
| Building Class | B | Parking Ratio | 0.24/1,000 SF |
| Lot Size | 0.15 AC | Corridor | Interior |
| Zoning | MXE, Miami Beach | ||
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 14,558 SF |
| No. Rooms | 46 |
| No. Stories | 3 |
| Year Built/Renovated | 1948/2006 |
| Parking Ratio | 0.24/1,000 SF |
| Corridor | Interior |
| Zoning | MXE, Miami Beach |
AMENITIES
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $948.97 CAD | - |
| Guest Room | 44 | $658.35 CAD | - |
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 02-3234-185-0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $294,870 CAD |
PROPERTY TAXES
Parcel Number
02-3234-185-0010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$294,870 CAD
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Penguin Hotel | 1418 Ocean Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.