
Miami Beach Boutique Hotel
One of the last properties available in one of the best locations in Miami Beach; the property will be renovated as a luxury Boutique Hotel, perfectly located on Collins Avenue, close to the famous Faena, access to the beach through an open pedestrian passway
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Proposed Argenta Hospitality Investment up to $5 million dollars for 25% Equity/ownership participation in the project.
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Estimated Total Project Costs (including land which is currently owned free and clear) is $28 Million USD.
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Proposed either straight Parri Passu and/or Preferred Equity structure.
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Business Plan is to redevelop this currently owned asset into an 84 room Hilton Motto Boutique Hotel.
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Estimated annual NOI -- $2.5 to $4 million.
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Potential terminal asset value $45 to $60 million dollars.
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