Up to date, Jan. 29, 8:40 a.m.: Chilean investment decision firm Casa Accommodations Group shut on a boutique lodge in South Seaside for $8.1 million.
Casa Motels, led by CEO Jose Aguera, bought the Eva Hotel, a four-tale, 30-crucial setting up at 1506 Collins Avenue. The group also owns the Odyssey South Beach, Casa Ocean and Casa Sofi.
Opera Serious Estate Investment, led by CEO and legal professional Valerio Spinaci and investor Federico Maria Ionta, represented Casa Motels in the Eva Resort sale. Roca Gonzalez P.A. handled the closing.
Spinaci mentioned the offer had been in the performs for months. The resort, which is not presently operating, will be renovated and rebranded as a Casa house.
The sale price tag equates to $270,000 per home.
Assets data exhibit the vendor is Loan company West LLC. The 21,832-square-foot building sits on an 8,000-square-foot large amount. It previous offered out of foreclosure for $3 million in 2019, court docket records clearly show.
The resort is following to AxelBeach Miami, the initially U.S. outpost for Axel Motels, an LGBTIQ+ oriented resort group. AxelBeach is a client of Spinaci.
Hospitality was among the toughest strike sectors past year, and couple of motels sold, but some homes are now investing.
Previously this thirty day period, developer Ari Pearl and trader Jonathan Leifer paid out $30 million for the Tryp Lodge in Bay Harbor Islands, getting the waterfront residence out of foreclosures.
In December, the assets at 200 to 212 Collins Avenue in Miami Beach offered for $6 million to a consumer that ideas to open an upscale boutique apartment-lodge.