MIAMI—The Wyndham Garden Inn in Miami Beach has a new owner. Majestic Organization LLC sold the hotel to The Witkoff Group for $25.5 million.
Located at 1050 Washington Avenue, the 133-room Wyndham Garden Inn spans five buildings and nearly occupies an entire block. Amenities include on a large pool deck, a restaurant bar, and terrace.
“The demand for hotels in South Beach continues to increase with more institutional investors seeking opportunities in the market,” says Christian Charre, senior vice president for CBRE Hotels in Miami, who represented Witkoff. “This was a great opportunity to acquire a unique piece of real estate in a prime location.“
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