Airport North/Days Inn Westland Mall in Hialeah, Florida
Florida -- August 16, 2007 - Aztec Group, Inc., Florida’s leading real
estate investment and merchant banking firm based in Miami, is pleased
to announce that it has arranged the sale of Ramada Inn Airport North/Days
Inn Westland Mall, located in Hialeah, Florida.
The property was double branded as 171-room Ramada Inn and an 83-room Days Inn.
Located on approximately five acres, the property features a restaurant and lounge, 4,000 sf of meeting rooms, a pool and over 300 parking spaces. Aztec represented JEB Hotel Associates, Ltd. in its disposition of the property to Alpha One Holdings LLC, a local investor. The new owner is planning to invest several million dollars to renovate, upgrade and reposition the property.
“The property is an excellent real estate investment that is well located in relation to its demand generators. By upgrading and repositioning, the buyer should benefit strongly from the upside potential of this property,” commented Boaz Ashbel, Aztec’s Managing Director who structured the transaction.
The South Florida hotel transaction market continues to be strong due to the limited supply of product and constraints on new development.
|Also See:||Aztec Arranges the $70 million Refinancing for the Sheraton Miami Mart and the Sheraton Orlando Downtown / March 2007|
|Aztec Group, Inc. Arranges the $79 Million Sale of Hawk’s Cay Resort in the Florida Keys / February 2007|
|Aztec Group Arranges the Sale of the Hampton Inn & Suites Ft. Lauderdale - Airport in Hollywood, Florida / May 2006|
|Aztec Group Arranges the Sale of the Stirling Suites (Formerly SpringHill Suites – Fort Lauderdale Airport) in Dania Beach, Florida / May 2006|
|Aztec Group, Inc. Arranges the $12 Million Sale of the Comfort Inn Airport/Cruise Port South, Hollywood, Florida / February 2006|
|Aztec Arranges $20 million for Condo-Hotel Redevelopment Financing for the Breakwater and Edison Condo/Hotels in the Historic Art Deco District of South Beach / October 2005|
|Aztec Group, Inc., Arranges $28 million in Sale and Financing of the Doubletree Resort Orlando – Villas at Maingate in Kissimmee, Florida / August 2005|
|Aztec Arranges the Historic Sale of World-Famous Fontainebleau Hotel, A Miami Beach Landmark / June 2005|
|Aztec Group Places $21 million Bridge Loan on the Breakwater/Edison Hotels on Miami Beach / October 2004|