Beverly Hills Investment Firm Acquires Miami Beach Hotel
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.
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.