Located at 952 Collins Avenue and positioned in heart of the Miami Beach Art Deco District, steps from the beach, next door to the Blue Moon Marriott Autograph Hotel, and within an easy walk of the Miami Beach Convention Center, which reopened in December 2018 after completing a $620 million renovation. The Loft Hotel built in 1958 and designed by architect Gene E. Baylis, features spacious suites averaging 370 square feet with full kitchens in each unit, and private courtyard, onsite laundry facilities and the potential to reintroduce F&B. The property is perfectly suitable for short-term rental such as Airbnb.
Currently, there is a master lease in place with EC Miami, an international language school at the property through 2019. A new owner will enjoy the optionality of re-master leasing, conversion to traditional hotel, multi-family, or co-living. Furthermore, the property maintains an active hotel license which is highly coveted in Miami Beach.
The property is zoned Mixed Use Entertainment “MXE” which designates a buildable FAR of 2.0. It is possible to build an additional 5,466 SF; allowing for additional hotel rooms and outdoor deck amenity overlooking Collins Avenue on a third floor.
For more information, please visit: www.cbresobehotels.com.
**No cobroker fee**