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President Hotel 1423 Collins Ave 64 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 | 23,698 SF |
| Sale Condition | Bulk/Portfolio Sale | No. Rooms | 64 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1936/2008 |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.22 AC | ||
| Zoning | MXE | ||
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 23,698 SF |
| No. Rooms | 64 |
| No. Stories | 4 |
| Year Built/Renovated | 1936/2008 |
| Corridor | Interior |
| Zoning | MXE |
AMENITIES
- Pool
- Restaurant
- On-Site Bar
- Outdoor Pool
- Beach (direct access)
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $233.04 CAD | - |
| Guest Room | 62 | $188.91 CAD | - |
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Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 02-3234-008-0690 | Improvements Assessment | $6,889,134 CAD |
| Land Assessment | $6,583,012 CAD | Total Assessment | $13,472,146 CAD |
PROPERTY TAXES
Parcel Number
02-3234-008-0690
Land Assessment
$6,583,012 CAD
Improvements Assessment
$6,889,134 CAD
Total Assessment
$13,472,146 CAD
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President Hotel | 1423 Collins Ave
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