​One of the last properties available in one of the best locations in Miami Beach; the property will be renovated as a luxury  Boutique Hotel,  perfectly located on Collins Avenue, close to the famous Faena, access to the beach through an open pedestrian passway

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• Proposed Argenta Hospitality  Investment up to $5 million dollars for 25% Equity/ownership participation in the project.

• Estimated Total Project Costs (including land which is currently owned free and clear) is $28 Million USD. 

  • Proposed either straight Parri Passu and/or Preferred Equity structure.

  • Business Plan is to redevelop this currently owned asset into an 84 room Hilton Motto Boutique Hotel. 

  • Estimated annual NOI -- $2.5 to $4 million. 

• Potential terminal asset value $45 to $60 million dollars.

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