Chilean Hotel Team Buys Eva South Beach

Chilean Hotel Team Buys Eva South Beach
Valerio Spinaci and 1506 Collins Avenue (Google Maps)

Valerio Spinaci and 1506 Collins Avenue (Google Maps)

Chilean investment organization Casa Lodges Group closed on a boutique resort in South Seashore for $8.1 million.

Casa Lodges, led by CEO Jose Aguera, acquired the Eva Resort, a 4-tale, 30-key developing at 1506 Collins Avenue. The team also owns the Odyssey South Beach and Casa Boutique Hotel on Washington Avenue.

Opera Genuine Estate Investment, led by CEO and legal professional Valerio Spinaci, represented Casa Resorts in the Eva Lodge sale. Roca Gonzalez P.A. taken care of the closing.

Spinaci explained the deal had been in the works for months. The resort, which is not at present operating, will be renovated and rebranded as a Casa assets.

The sale cost equates to $270,000 for each room.

Assets records clearly show the vendor is Financial institution West LLC. The 21,832-sq.-foot constructing sits on an 8,000-square-foot lot. It last sold out of foreclosure for $3 million in 2019, court data demonstrate.

The resort is upcoming to AxelBeach Miami, the very first U.S. outpost for Axel Accommodations, an LGBTIQ+ oriented lodge group. Spinaci mentioned he worked to negotiate AxelBeach’s lease, as well.

Hospitality was amongst the most difficult strike sectors previous calendar year, and handful of inns bought, but some qualities are now investing.

Before this month, developer Ari Pearl and investor Jonathan Leifer paid out $30 million for the Tryp Hotel in Bay Harbor Islands, getting the waterfront residence out of foreclosures.

In December, the assets at 200 to 212 Collins Avenue in Miami Seashore marketed for $6 million to a customer that ideas to open an upscale boutique condominium-resort.