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La Quinta Inn & Suites by Wyndham Miami 8730 NW 27th St 143 Room Hotel Miami, FL 33172 $22,750,000 ($159,091/Room) 6.68% Cap Rate
Investment Highlights
- Located in Doral, One of Miami's Most Sought-After Submarkets
- Recently Renovated Hotel
- Ideally Positioned Near Miami International Airport
Executive Summary
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 143-room La Quinta Inn & Suites in Doral, Florida, within in the highly-coveted Miami-Fort Lauderdale-West Palm Beach MSA. The six-story property, built in 1998, is ideally positioned near Miami International Airport, the second-busiest airport in Florida, along with a multitude of other diverse demand drivers.
La Quinta Inn & Suites Miami Airport West represents a compelling opportunity to acquire a high-performing, select-service asset in a top-10 hotel market that is defined by high barriers to entry. A new owner stands to unlock meaningful RevPAR growth through continued hands-on management while continuing to capitalize on the recently completed PIP renovation.
La Quinta Inn & Suites Miami Airport West represents a compelling opportunity to acquire a high-performing, select-service asset in a top-10 hotel market that is defined by high barriers to entry. A new owner stands to unlock meaningful RevPAR growth through continued hands-on management while continuing to capitalize on the recently completed PIP renovation.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Property Facts
| Price | $22,750,000 | Lot Size | 2.39 AC |
| Price Per Room | $159,091 | Building Size | 74,421 SF |
| Sale Type | Investment | No. Rooms | 143 |
| Cap Rate | 6.68% | No. Stories | 6 |
| Property Type | Hospitality | Year Built/Renovated | 1998/2022 |
| Property Subtype | Hotel | Parking Ratio | 1.32/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | 7100 | ||
| Price | $22,750,000 |
| Price Per Room | $159,091 |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.39 AC |
| Building Size | 74,421 SF |
| No. Rooms | 143 |
| No. Stories | 6 |
| Year Built/Renovated | 1998/2022 |
| Parking Ratio | 1.32/1,000 SF |
| Corridor | Interior |
| Zoning | 7100 |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 6 | $233.00 | - |
| Guest Room | 137 | $206.00 | - |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 35-3028-016-0120 | Improvements Assessment | $9,615,410 |
| Land Assessment | $4,684,590 | Total Assessment | $14,300,000 |
Property Taxes
Parcel Number
35-3028-016-0120
Land Assessment
$4,684,590
Improvements Assessment
$9,615,410
Total Assessment
$14,300,000
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La Quinta Inn & Suites by Wyndham Miami | 8730 NW 27th St
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