News
South Florida Hotel

NY Investor Bags SoBe in Miami Beach

A NYC investor acquired the two-story, 48-room SoBe Hostel at 235 Washington Ave in Miami Beach for over $8M. The property dates from the days of classic Miami Beach hotels; it was originally developed in 1938. The buyer, 235 Sobe Hospitality, is managed by Jack Avid and Steven Oved, reports The Real Deal. Last year, Jack bought the similarly sized and located 45-room Princess Ann Hotel, at 920 Collins Ave, for $10M. [TRD]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's South Florida Newsletters
Related Stories

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Hilton's Q2 Results Barely Beat Wall Street's Expectations

Waste Management Buys Medley Site For $379M: The South Florida Deal Sheet

Integra Acquires Evacuated Broward Condo Complex Via Court-Ordered Auction

The World Cup Filled Stadiums. Hotel Rooms Were A Different Story

REPORT: Google Quadruples Miami Office After Founders' Mansion Buys

Braemar To Sell Key West Hotel For $190M: The South Florida Deal Sheet