Saturday, March 29, 2008

Marcus & Millichap Lists 43-Room Hotel in Miami Beach, FL for $12.5M


MIAMI BEACH, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Leslie Hotel, (above photo) a 43-room hotel in Miami Beach.


The listing price of $12.5 million represents $290,698 per room. Mark Wohl, a senior associate and associate director of Marcus & Millichap’s National Hospitality Group in Miami, Jason Goldfarb, an associate in the firm’s Miami office, and Lawrence Usher, investment specialist also in the firm’s Miami office, are representing the seller.


“Leslie Hotel is an excellent value-add opportunity located on an infamous street in one of the most desirable cities in the world,” says Wohl.

Located at 1244 Ocean Drive, the hotel is situated on a 7,150-square foot lot, less than 15 minutes from the Miami International Airport and 30 minutes from the Fort Lauderdale International Airport. Originally built in the South Beach Art Deco spirit of the 1930s, the hotel has undergone recent renovations.




CONTACT:

Stacey Corso
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
http://www.marcusmillichap.com/

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