AIDS Health Foundation drops $24M for Miami Gardens hotel in all-cash deal
In an all-cash deal, a Los Angeles-based organization that provides affordable housing to individuals diagnosed with HIV and AIDS bought an aging Miami Gardens hotel for $24 million. AIDS Healthcare Foundation, led by president Michael Weinstein, acquired Stadium Hotel, a 217-room building at 21485 Northwest 27th Avenue completed in 1973, records show. The deal breaks down to $110,644 per room. Ryan Shaw with Marcus & Millichap represented the buyer. Suraj Dalal and Ahmed Kabani with Kabani Hotel Group represented the seller, an entity managed by David and William Ross in Miami Gardens, a press release states. The Ross entity paid […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Three-Story Fort Lauderdale ‘Fortress’ Designed To Withstand Hurricanes—and Exude Luxury—Hits the Market for $15 Million
The Weekly Dirt: What you need to know about South Florida real estate right now
A Property Where Prestige and Power Meet: 120-Year-Old Home of Famed Federal Judge Lists for $5.8 Million
Mortgage spreads hit lowest level in years, keeping rates near 6%
Extraordinary $25 Million Greenwich Estate Offers Gilded Age Grandeur for the Modern Age
New York Real Estate Expert Warns Mayoral Election Will ‘Change Everything’ for Housing—but Insists Residents Shouldn’t ‘Panic’
Georgia Compound Dotted With Dome Home, Tiny Houses, and ‘Buried Bus’ Storm Shelter Hits the Market for $429K
Kansas Realtor Takes On the Housing Crisis by Building Affordable Homes on Vacant Lots Herself
Historic Chestnut Hill Home That Served as Studio to Celebrated Modernist Painter Undergoes Major Price Chop
1790 Kentucky Estate That Is Older Than Bourbon Hits the Market for $1.1 Million in the Heart of the Beverage’s Birthplace
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131