 |
| Larry Stockton |
MIAMI, FL (Nov. 23, 2015)
– The Holiday Inn Port of Miami has sold for $65 million, capping an
18-month-long process with a closing on Friday, Nov. 20.
The property sold to 340
Biscayne Owner, LLC, an entity run by Gilberto
Bomeny, the developer of the proposed World Trade Center of the Americas, a
mixed-use project expected to be built on the site.
Larry Stockton,
Senior Vice President, and Jeff Resnick,
Senior Associate, with Colliers International South Florida brokered the
transaction between the buyer and the seller, Marina Park Inn, LLC.
“The beauty of this site
is that the hotel earns over $5 million in annual net operating income, which
gives the developer the flexibility to develop the site when he sees fit since
it carries itself as-is,” said Colliers’ Stockton.
 |
| Jeff Resnick |
The proposed World Trade
Center of the Americas is a 77-story mixed-use project which is planned to
include 400 condos, 240 hotel rooms, 270,000 square feet of retail and 246,000
square feet of office space, according to the Miami Herald. The site plans have
been approved by the City of Miami’s Urban Design Review Board.
The Holiday Inn is located
at 340 Biscayne Blvd. in Miami and is 1.1 miles from the Port of Miami.
For a complete copy of the company’s news release,
please contact:
Leah Saunders
Senior Account Executive
B2 Communications
p 727.895.5030 x104 | c
813.924.0367
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