Chilean Hotel Group Buys Eva South Beach front

Valerio Spinaci and 1506 Collins Avenue (Google Maps)

Current, Jan. 29, 8:40 a.m.: Chilean investment decision organization Casa Inns Group closed on a boutique lodge in South Seashore for $8.1 million.

Casa Accommodations, led by CEO Jose Aguera, bought the Eva Resort, a 4-story, 30-crucial constructing at 1506 Collins Avenue. The team also owns the Odyssey South Seaside, Casa Ocean and Casa Sofi.

Opera Authentic Estate Investment, led by CEO and lawyer Valerio Spinaci and investor Federico Maria Ionta, represented Casa Inns in the Eva Resort sale. Roca Gonzalez P.A. handled the closing.

Spinaci stated the deal had been in the functions for months. The resort, which is not currently running, will be renovated and rebranded as a Casa assets.

The sale price tag equates to $270,000 for each place.

Home data clearly show the seller is Loan provider West LLC. The 21,832-sq.-foot building sits on an 8,000-sq.-foot large amount. It previous bought out of foreclosure for $3 million in 2019, courtroom data display.

The hotel is next to AxelBeach Miami, the first U.S. outpost for Axel Lodges, an LGBTIQ+ oriented resort group.  AxelBeach is a customer of Spinaci.

Hospitality was between the toughest strike sectors past 12 months, and number of motels offered, but some attributes are now buying and selling.

Earlier this thirty day period, developer Ari Pearl and investor Jonathan Leifer paid $30 million for the Tryp Lodge in Bay Harbor Islands, buying the waterfront assets out of foreclosures.

In December, the property at 200 to 212 Collins Avenue in Miami Seashore marketed for $6 million to a buyer that options to open up an upscale boutique condominium-lodge.