Lee & Associates South Florida Brokers Sale of Miami Beach Hotel
MIAMI, FL (May 4, 2022) – Lee & Associates South Florida President Matthew Rotolante and Associate Rodrigo Calderon successfully brokered the $6 million sale of a boutique hotel in Miami Beach. The Nakash family, owner of several Art Deco hotels and South Beach’s former Versace Mansion, is the buyer of the 1350 Collins Ave. property.
Rotolante and Calderon collaborated with Lee & Associates’ New York office, leveraging the firm’s unparalleled national platform, to facilitate a seamless transaction. The sale closed on April 28.
The 6,340-square-foot boutique hotel is in the middle of South Beach’s hottest resort district. Originally constructed in 1930, the gated hotel can also be operated as a private club or residence. Renowned architect Wallace Tutt, who designed the Versace Mansion a few blocks away, also designed the building’s three villas.
Property amenities include a large, landscaped courtyard with lounge couches, dining tables and a covered pool; a two-car garage and a 24-hour security system. The hotel is steps away from the beach and the many nearby restaurants, nightclubs, shops and parks.
“This transaction is another example of the strong nationwide collaboration that separates our firm from its counterparts,” Lee & Associates South Florida President Matthew Rotolante said. “This property provides the buyer with another beautiful Art Deco hotel to complement its existing neighborhood portfolio. Opportunities to acquire jewels in the heart of South Beach like this do not come around often.”
About Lee & Associates | South Florida
Lee & Associates | South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee & Associates is the largest agent owned brokerage in the nation with Senior Agent’s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making. The Lee & Associates’ robust national network that sold and leased nearly $32.4 Billion in 2021 offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee & Associates South Florida, visit leesouthflorida.com or follow us on Facebook, LinkedIn, Twitter and Instagram, our company local news.
Lee & Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee & Associates has grown its service platform to include over 75 offices in the United States and Canada. Lee & Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.