Casa Hotels buys boutique South Beach hotel for $8M

Valerio Spinaci
Valerio Spinaci and 1506 Collins Avenue (Google Maps) via www.therealdeal.com

Chilean investment firm Casa Hotels Group closed on a boutique hotel in South Beach for $8.1 million. Casa Hotels, led by CEO Jose Aguera, bought the Eva Hotel, a four-story, 30-key building at 1506 Collins Avenue. The group also owns the Odyssey South Beach, Casa Ocean, and Casa Sofi.

Opera Real Estate Investment, led by CEO and attorney Valerio Spinaci and investor Federico Maria Ionta, represented Casa Hotels in the Eva Hotel sale. Roca Gonzalez P.A. handled the closing.

Spinaci said the deal had been in the works for months. The hotel, which is not currently operating, will be renovated and rebranded as a Casa property.

The sale price equates to $270,000 per room.

Property records show the seller is Lender West LLC. The 21,832-square-foot building sits on an 8,000-square-foot lot. It last sold out of foreclosure for $3 million in 2019, court records show.

The hotel is next to AxelBeach Miami, the first U.S. outpost for Axel Hotels, an LGBTIQ+ oriented hotel group.  AxelBeach is a client of Spinaci.


Read the full story: www.therealdeal.com 

Zulma Torres

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