{"id":7731,"date":"2021-08-30T13:07:01","date_gmt":"2021-08-30T17:07:01","guid":{"rendered":"https:\/\/www.lee-associates.com\/southflorida\/?p=7731"},"modified":"2025-04-22T19:27:24","modified_gmt":"2025-04-22T23:27:24","slug":"miami-herald-discusses-miami-hospitality-market-with-matthew-jacocks-after-recent-miami-beach-hotel-trades-for-70mm","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/southflorida\/2021\/08\/30\/miami-herald-discusses-miami-hospitality-market-with-matthew-jacocks-after-recent-miami-beach-hotel-trades-for-70mm\/","title":{"rendered":"Miami Herald Discusses Miami Hospitality Market with Matthew Jacocks after Miami Beach Hotel Trades for $70MM"},"content":{"rendered":"<div id=\"pl-7731\"  class=\"panel-layout\" ><div id=\"pg-7731-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-7731-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-7731-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-c67d20f9f743-7731\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.miamiherald.com\/news\/business\/real-estate-news\/article253790418.html\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/09\/PR-Banner-Media-Feature_2021-08-Miami-Herald.png\" width=\"1250\" height=\"521\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/09\/PR-Banner-Media-Feature_2021-08-Miami-Herald.png 1250w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/09\/PR-Banner-Media-Feature_2021-08-Miami-Herald-512x213.png 512w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2021\/09\/PR-Banner-Media-Feature_2021-08-Miami-Herald-768x320.png 768w\" sizes=\"(max-width: 1250px) 100vw, 1250px\" title=\"Matthew Jacocks Discusses Miami Hospitality Market in Miami Herald\" alt=\"Matthew Jacocks Discusses Miami Hospitality Market in Miami Herald\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><div id=\"panel-7731-0-0-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcQqheSbkviZodn-W967h640S7bLiiT42OG63A&amp;usqp=CAU\" alt=\"Lee &amp; Associates Matthew Jacocks Provides Miami Herald with Insight on Miami Hospitality Market after recent Hotel Sale\" width=\"194\" height=\"260\" \/><\/p>\n<p style=\"text-align: justify\"><strong>Miami Herald Discusses Miami Hospitality Market with Matthew Jacocks after Miami Beach Hotel Trades for $70MM<\/strong><\/p>\n<p>After an eye-popping purchase of the Como Metropolitan Miami Beach where a foreign investor paid almost $1 Million per room, the Miami-Herald published an <a href=\"https:\/\/www.miamiherald.com\/news\/business\/real-estate-news\/article253790418.html\">article<\/a> reflecting on the sale and reached out to <a href=\"https:\/\/www.lee-associates.com\/southflorida\/\">Lee &amp; Associates South Florida<\/a> Miami hospitality and investment sale expert, <a href=\"https:\/\/www.lee-associates.com\/southflorida\/our-team\/matthew-jacocks\/\"><strong>Matthew Jacocks<\/strong><\/a>, for expert insight on what he has been seeing in the marketplace.<\/p>\n<p><em>\"The latest transaction is noteworthy for the price paid per room,\" said Matthew Jacocks, a principal at Lee &amp; Associates and specialist in hospitality and multifamily property in South Florida. He said the owner may be looking to build above the hotel and add more units or is betting on daily rates justifying the purchase price.<\/em><\/p>\n<p><em>\"I'm seeing a rush to buy property. Everybody has grown more confident in South Florida's ability to rebound [from the pandemic],\" Jacocks said.<\/em><\/p>\n<p>The 74-room Como Metropolitan Miami Beach, formerly known as the Traymore Hotel, dates back to 1939 and is one of the most expensive Miami hospitality deals to close since the onset of the pandemic. For its first hotel acquisition in Miami, buyer and Brazilian investor JHSF plans to renovate the building and convert it into a Fasano-branded hotel, the second hotel project in the country for the company following its opening last year of the condo hotel Fasano Fifth Avenue in New York City.<\/p>\n<p>Source: Miami Herald - Miami Beach Hotel Trades for $70MM<\/p>\n<p>Contact <a href=\"https:\/\/www.lee-associates.com\/southflorida\/our-team\/matthew-jacocks\/\"><strong>Matthew Jacocks<\/strong><\/a> for more information on hospitality or multifamily real estate in South Florida\u00a0<a href=\"https:\/\/www.lee-associates.com\/southflorida\/our-team\/matthew-jacocks\/\"><strong>Matthew<\/strong><\/a> serves as Principal with Lee &amp; Associates South Florida specializing in Real Estate Development and Investment Sales, Hospitality and Multifamily property. Bringing over 18 years of real estate experience, Matthew has worked on all sides of the business, managing projects ranging widely in scope and industry.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-7731-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-7731-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-7731-1-0-0\" class=\"so-panel widget widget_siteorigin-panels-builder panel-first-child panel-last-child\" data-index=\"2\" ><div class=\"panel-widget-style panel-widget-style-for-7731-1-0-0\" ><div id=\"pl-w61520451e9ac3\"  class=\"panel-layout\" ><div id=\"pg-w61520451e9ac3-0\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-w61520451e9ac3-0\" ><div id=\"pgc-w61520451e9ac3-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-w61520451e9ac3-0-0-0\" class=\"so-panel widget widget_sow-button panel-first-child panel-last-child\" data-index=\"0\" ><div class=\"panel-widget-style panel-widget-style-for-w61520451e9ac3-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-atom-f5e15082144d\"\n\t\t\t\n\t\t><div class=\"ow-button-base ow-button-align-center\"\n>\n\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.miamiherald.com\/news\/business\/real-estate-news\/article253790418.html\"\n\t\t\t\t\tclass=\"sowb-button ow-icon-placement-left ow-button-hover\" target=\"_blank\" rel=\"noopener noreferrer\" \t>\n\t\t<span>\n\t\t\t\n\t\t\tRead Full Article in The Miami Herald\t\t<\/span>\n\t\t\t<\/a>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div id=\"pg-7731-2\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-7731-2\" ><div id=\"pgc-7731-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-7731-2-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-7731\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/southflorida\/?page_id=7118\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-scaled.jpg\" width=\"2560\" height=\"384\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-scaled.jpg 2560w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-300x45.jpg 300w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-1024x154.jpg 1024w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-768x115.jpg 768w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-1536x230.jpg 1536w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/01\/Blog-Footer_Services-and-Specialties-1-2048x307.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" title=\"Blog Footer_Services and Specialties\" alt=\"Lee &amp; Associates South Florida Commercial Real Estate\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Miami Herald Discusses Miami Hospitality Market with Matthew Jacocks after Miami Beach Hotel Trades for $70MM After an eye-popping purchase of the Como Metropolitan Miami Beach where a foreign investor paid almost $1 Million per room, the Miami-Herald published an article reflecting on the sale and reached out to Lee &amp; Associates South Florida Miami hospitality and investment sale expert, Matthew Jacocks, for expert insight on what he has been seeing in the marketplace. &#8220;The&#8230;<\/p>\n","protected":false},"author":76,"featured_media":7732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,1815,1817],"tags":[1812,1824],"class_list":["post-7731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-hospitality","category-investment-sale","tag-matthew-jacocks","tag-miami-herald"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Miami Herald Discusses Miami Hospitality Market with Matthew Jacocks after Miami Beach Hotel Trades for $70MM - Lee &amp; 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