We are Pleased to present the 21-room Sorrento Villas Hotel, located in Miami Beach, Fl, two blocks west of N. Beach and a few blocks away from the future re-development of North Beach Town Center.

The Sorrento Villas is currently operating below competitive set ADR and Occupancy.

The Hotel will be offered unencumbered by management, allowing a new operator to employ more aggressive sales, marketing, and revenue management techniques.

Location of zoning change is between Indian Creek Dr, Dickens Ave., 72nd St., Collins Ave., and 69th St.

• Developer plans to build two 220-ft-tall buildings at 71st St. and Abbot Ave. that will be geared toward recent college graduates.
• The zoning also allows to build small hotel rooms and apartment units in order to encourage market-rate affordable units.

HIGHLIGHTS

• Number Of Buildings: 1
• Flooring: Ceramic Floor
• Construction Materials: CBS Construction
• Parking Features: Common
• Security Features: Smoke Alarm, Fire Sprinkler System
• Buyer Agency Compensation: 2.5%
• Ownership: Corporation

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