Regency Miami Airport - By Sonesta_Propiedad en venta
Regency Miami Airport - By Sonesta_Propiedad en venta
1000 Northwest 42nd Avenue, Miami, FL, 33126, US

Regency Miami Airport - By Sonesta

Descripción del activo

JLL's Hotels & Hospitality Group is acting as the sole and exclusive agent for the sale of the fee simple interest in the Regency Hotel Miami Airport by Sonesta. The hotel is a 176-room full-service property located centrally in the Miami Airport market, just a five-minute drive from the airport and other key transportation hubs. It enjoys a strategic location as one of the closest hotels to Miami International Airport, making it an ideal choice for airport passengers, cruise port visitors, tourists, and professionals working in Miami's largest office submarket. The investment opportunity in the Regency Hotel offers ample repositioning and development potential. It is unencumbered by brand and management and occupies only half of the 3.8-acre fee-simple lot, allowing for the future development of additional hotels, office space, or apartments. Despite the challenges posed by the pandemic, the Regency Hotel has rapidly recovered, achieving a 47% higher 2024 February A/F RevPAR compared to the pre-pandemic peak. This growth is supported by favorable submarket lodging fundamentals and a recent comprehensive $2.7 million renovation completed in October 2023. With its exceptional positioning in a strong and stable airport and office-driven market, along with limited competitive supply pipeline, the Regency Hotel represents a remarkable opportunity to acquire a fully unencumbered asset.

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Atributos

Unidades
172 unidades
Área de construcción bruta
10.051 m²
Año de construcción
1982
Área de terreno bruta
0 m²
Ocupación
100 %

Medios

Aspectos destacados de la inversión

The Regency Hotel is strategically situated at the intersection of NW 42nd Ave, NW 11th St, and NW 43rd Ave, benefiting from excellent visibility. With an average daily traffic volume of 64,000 cars as of 2022, the hotel has a distinct advantage in capturing last-minute demand compared to its competitors. Additionally, its location offers convenient access to major regional transportation hubs, including Miami International Airport, Miami Airport commuter rail station, and Hialeah Market rail station, all just blocks away. This provides a direct link to key connectors within the city. Downtown Miami, the Miami Brightline rail station, and PortMiami cruise port are also just a few minutes away. Furthermore, numerous important demand generators throughout the city are within a 15-minute drive from this conveniently positioned hotel.

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Regency Miami Airport - By Sonesta (0 Propiedades)
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Última actualización
May 16, 2024