MIAMI—The Clinton Hotel in Miami Beach has hit the market. The asking price on the historic hotel is $31.5 million.

Douglass Elliman Commercial Florida listed the hotel. David Restainer is leading the marketing charge on the Art Deco asset.

“The Clinton Hotel listing presents a unique opportunity to own a fully renovated hotel with profitable operations that is unencumbered by management contracts,” says Restainer. “Additionally, this asset has upside when the restaurant and retail are repositioned.”

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