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Lorraine Hotel Beach Resort 2601 Collins Ave 42 Room Hotel Miami Beach, FL 33140 $20,635,159 CAD ($491,313 CAD/Room)
EXECUTIVE SUMMARY
Updated 42-room hotel with 5 retail tenants, steps from the beach walk and ocean at the northern edge of South Beach. Prime corner location between the luxurious 1 Hotel South Beach and the Miami Beach Edition, a few blocks from the exciting Faena District. The 3-story hotel boasts a large lobby, elevator, and spacious guest rooms. The hotel is independently owned and operated and can be purchased with the 36-suite Ocean Reef Hotel located at 1130 Collins Avenue for a total of 78 keys.
PROPERTY FACTS
| Price | $20,635,159 CAD | Building Size | 26,948 SF |
| Price Per Room | $491,313 CAD | No. Rooms | 42 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1950/2017 |
| Property Subtype | Hotel | Parking Ratio | 0.22/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.23 AC | ||
| Zoning | RM-3 - RM-3 Residential Multifamily High Intensity FAR - 2.25 | ||
| Price | $20,635,159 CAD |
| Price Per Room | $491,313 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 26,948 SF |
| No. Rooms | 42 |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2017 |
| Parking Ratio | 0.22/1,000 SF |
| Corridor | Interior |
| Zoning | RM-3 - RM-3 Residential Multifamily High Intensity FAR - 2.25 |
AMENITIES
- Restaurant
- On-Site Retail
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 42 | $254.82 CAD | - |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 02-3226-001-0740 | Improvements Assessment | $2,985,578 CAD |
| Land Assessment | $5,606,720 CAD | Total Assessment | $8,592,298 CAD |
PROPERTY TAXES
Parcel Number
02-3226-001-0740
Land Assessment
$5,606,720 CAD
Improvements Assessment
$2,985,578 CAD
Total Assessment
$8,592,298 CAD
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Lorraine Hotel Beach Resort | 2601 Collins Ave
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