MIAMI—Holiday Inn Express & Suites, a 146-room hotel in the Hialeah-Miami Lakes, submarket, has traded hands. The 3.53-acre hotel asset sits at 6650 West 20th Avenue.
Miami-based Sound Hospitality sold the hotel to CN Hotels of Greensboro, NC for an undisclosed amount. The Miami-based CBRE Hotels' Robert Taylor and Paul Weimer represented the seller.
"The high prices paid for hotels on the ocean in South Florida are compressing the market and driving pricing for non-beachfront property," says Taylor, CBRE senior vice president. "This demand … took this asset from contract to closing in just 39 days."
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