Buy & Hold (Hotel): (33 Keys) Luxury Boutique, Miami Beach, FL $15,500,000

Promise Land Realty
Feb 19
3 min read

Price

$15,500,000

OFF-MARKET BOUTIQUE HOTEL OPPORTUNITY

The Marlin Hotel

Miami Beach, Florida

Prime Collins Avenue | South Beach Core

Executive Summary

The Marlin Hotel presents a rare opportunity to acquire a well-located boutique hospitality asset in the heart of South Beach — one of the most supply-constrained and internationally recognized tourism corridors in the United States.

Positioned steps from the Atlantic Ocean and within walking distance of Ocean Drive, Lincoln Road, and the Miami Beach Convention Center, the asset benefits from year-round tourism demand, international travel, and strong ADR fundamentals within the boutique segment.

The property is being offered below prior market positioning with structured seller participation available in principle.

Pricing & Capital Structure

Purchase Price: $15,500,000 (Prior Ask $17,900,000)
Existing Debt: Approximately $9,300,000
Initial Deposit (First Close): $11,000,000
Seller Financing (In Principle): Approximately $22,000,000 across portfolio allocation (negotiable structure)

Final financing terms to be structured during formal negotiations.

Financials: https://drive.google.com/drive/folders/1XmYeNFOKYT_JiDPPUiuLOp66ymI57yZw?usp=sharing

Ownership Structure

A new holding company will be formed at closing:

Seller: 60%
Buyer Group: 40%

This structure allows:

Aligned equity participation
Shared operational upside
Reduced immediate capital requirement relative to full equity buyout
Performance-driven governance

Default & Risk Framework

If the existing loan enters default after 90 days of missed payments:

A Cash Call will be issued
If unmet, all shares in the holding company are forfeited

This structure protects capital integrity and enforces disciplined operations.

Asset Highlights

Prime Collins Avenue location
Within South Beach Historic Art Deco District
Steps from beach access
Boutique lifestyle positioning
High pedestrian visibility
Surrounded by luxury retail, dining, and nightlife
International tourism demand base

Market Fundamentals – Miami Beach

Miami Beach remains one of Florida’s strongest boutique hotel submarkets due to:

Limited new hotel supply
High ADR potential
Strong event-driven demand (Art Basel, conventions, international festivals)
Cruise port proximity
Global brand recognition

South Beach continues to see:

Luxury residential redevelopment
International investor inflows
Hospitality repositioning capital
Long-term land scarcity appreciation

Investment Narrative

The Marlin Hotel offers:

Entry at a basis below prior pricing
Seller-aligned equity structure
Flexible financing discussion
Prime South Beach exposure
Boutique repositioning potential
Long-term appreciation driven by location scarcity

This is a strategic opportunity to acquire a South Beach boutique asset with capital structure flexibility and long-term upside.

Confidential Off-Market OfferingAll materials are proprietary and may not be redistributed

without written consent.

Submit All Offers To: investments@promiselandrealtyllc.com

Property Map

All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

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