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Home61's Closings in
Miami, FL
This premium hotel portfolio, located in the fresh meadows auburndale community of new york, comprises two modern buildings (183-15 and 183-31 horace harding expy) with an annual revenue of $13 million and a sustained growth trend, showcasing significant development potential. Both six-story buildings were constructed in 2018, a franchised marriott hotel, with a total lot area of 44,919 sq ft (~4,173 sq m) and a combined gross floor area of nearly 100,000 sq ft. The property offers 217 boutique guest rooms (124 at courtyard and 93 at fairfield), featuring a variety of room types including king beds, queen beds, double beds, and luxury suites. Situated in the high-quality district 26, the property holds an h3-class limited-service hotel ownership (affiliated with an international chain brand) and is zoned as r3-1/c1-2, supported by a well-established management system. - the 183-15 property includes a 27,755 sqf lot and a 54,944 sqf building. - the 183-31 property includes a 17,164 sqflot and a 42,186 sqf building. With combined annual property taxes of approximately $950,000, this hotel asset boasts an excellent location, stable revenue performance, and professional brand operation, making it a highly attractive investment opportunity.
Data is provided by OneKey MLS.