Done Deals: Lee & Associates Brokers $6 Million Sale of Historic Miami Beach Hotel to Versace Mansion owner Nakash family

Wednesday, May 4, 2022

Lee & Associates Brokers $6 Million Sale of Historic Miami Beach Hotel to Versace Mansion owner Nakash family

1350 Collins Avenue, Miami Beach, FL

MIAMI, FL – Lee & Associates South Florida President Matthew Rotolante and Associate Rodrigo Calderon successfully brokered the $6 million sale of a boutique hotel in Miami Beach.

Matthew Rotolante

The Nakash family, owner of several Art Deco hotels and South Beach’s former Versace Mansion, is the buyer of the 1350 Collins Ave. property.

Rotolante and Calderon collaborated with Lee & Associates’ New York office, leveraging the firm’s unparalleled national platform, to facilitate a seamless transaction. The sale closed on April 28.

The 6,340-square-foot boutique hotel is in the middle of South Beach’s hottest resort district. Originally constructed in 1930, the gated hotel can also be operated as a private club or residence.

Rodrigo Calderon

Renowned architect Wallace Tutt, who designed the Versace Mansion a few blocks away, also designed the building’s three villas.

Property amenities include a large, landscaped courtyard with lounge couches, dining tables and a covered pool; a two-car garage and a 24-hour security system.

The hotel is steps away from the beach and the many nearby restaurants, nightclubs, shops and parks.

“This transaction is another example of the strong nationwide collaboration that separates our firm from its counterparts,” Rotolante said.