THE RADISSON RED MIA PROPERTY FOR SALE!!

11-24-2022
12-04-2022

3401 NW 25th St, Miami, FL 33142

Property Description

OFF MARKET HOSPITALITY PROPERTY FOR SALE!!

THE RADISSON RED MIA Hotel

 

MIAMI HOTEL OPPURTUNITY 3401 NW 25Th ST.

Miami, FL 33142

 

Asking Price:$53M

 

MIAMI HOTEL OPPORTUNITY

3401 NW 25TH ST MIAMI FL 33142

 

"Radisson RED MIA" is an upscale full-service hotel inspired by art, fashion, and music. This hotel is located at 3401 NW 25th Street Miami, Florida. Next to Miami International Airport (MIA) and 10 minutes away from Downtown Miami. Also, the hotel is centrally located from South Beach and Art Deco district, one of the most glamorous in the world for its nightclubs, beaches, historical buildings, and shopping. The hotel receives guests that attend annual events such as the Miami Open, Art Basel, the South Beach Wine and Food Festival, Miami Grand Prix, and Mercedes-Benz Fashion Week Miami; these events attract millions to the metropolis every year. 

The hotel has 157-rooms with an outdoor pool, fitness center, 3 meeting facilities, airport shuttles, restaurant, game room, and full liquor bars in the lobby and rooftop. OUIBAR + KTCHN offers international flavors and signature drinks.

This property opened on June 17, 2021. From mid-June to December 2021, the hotel achieved a total Operating Revenue of $2,425,853; with a 2021 occupancy of 59.09%. As of March 31st, 2022, YTD; the hotel achieved a total Operating Revenue of $1,845,296 ($1,650,863 Room + $194,433 F & B) and an occupancy of 77.73%.

Due to original business plan and EB5 equity cycle; our goal is to dispose asset by 2023 at $53,000,000***

 

Please contact (Tyrone Nelson) at 914.382.3459 (Text Only!!)

or nelsoty07@yahoo.com

 

Need assistance? 

 

Phone 914.382.3459(Text Only)

 

Call for immediate assistance, Text or Email Only.

 

Tyrone Nelson

914.382.3459(Text Only!!)

E:Nelsoty07@yahoo.com

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Hotel/Motel
Price
$ 53,000,000
Year Built
2021
Opportunity Zone
No
Price per unit
$ 0
View broker details
Sign in to use the inquiry form

25.799304, -80.251419

Similar Properties in the area