The 71-key Alden Hotel Miami Beach The 71-key Alden Hotel Miami Beach

MIAMI—Hawkins Way Capital has acquired the 71-key Alden Hotel Miami Beach for $21.3 million.

The property at 225 Indian Creek in the heart of Mid-Miami Beach was sold by SMS Lodging, which is owned and managed by the Arnoldsson family, and R^2 Companies.

Hawkins Way Capital was represented by CBRE in the transaction. JLL Hotels & Hospitality managing director Gregory Rumpel, EVP Andrew Dickey and VP Maciej Polek advised the seller, while SVP Paul Wimer, First VP Natalie Castillo, and associate Joshua Beene advised Beverly Hills-based Hawkins Way Capital on the transaction. JLL and CBRE worked collaboratively together in the direct off-market transaction.

SMS Lodging acquired the condo-hotel through the acquisition of bulk units and individual units and ultimately converted the building to a hotel. The hotel features an historic façade, large outdoor patio and a swimming pool with a sundeck.

The property is located three blocks from the beach and within walking distance to some of Miami's top entertainment venues.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.