 |
| Alexandra Lalos |
MIAMI, FL –– Holliday
Fenoglio Fowler, L.P. (HFF) announces the sale of the Element Miami International Airport, a 209-room, extended-stay
hotel near Miami International Airport in Miami, Florida.
The HFF team marketed the
property on behalf of the seller, Norwich Partners. Peachtree Hotel Group purchased the hotel
unencumbered of an existing management contract. Peachtree will also manage the hotel.
 |
| Denny Meikleham |
The hotel contains multiple food and beverage
options, including The Salon at Element full-service bar and restaurant, Rise
breakfast bar, Relax evening reception and the Restore gourmet pantry for
preparing meals in suite; a state-of-the-art fitness center; resort-style pool;
business center; and fire pit and outdoor courtyard area overlooking Palmer
Lake.
Like all Element hotels,
the Element Miami International Airport operates under sustainable and green
practices. Situated on 5.18 acres at
3525 NW 25th Street, the hotel is less than two miles from Miami International
Airport, which serviced 44.6 million passengers in 2016, and half a mile from
Miami Intermodal Center transportation hub.
Additionally, the Element Miami International
Airport hotel is six miles from downtown Miami and approximately five miles
from multiple retail destinations, including Merrick Park, Miami International
Mall and the Dolphin Mall.
The HFF investment sales
team representing the seller included director Alexandra Lalos, managing director Denny Meikleham and senior director Alan Suzuki.
 |
| Alan Suzuki |
“A best-in-class seller
and buyer cooperated to complete the first hotel sale transaction in the Miami
Airport/Civic Center submarket in 2017,” Meikleham added.
For more information on this press release, please
contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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