CBRE has arranged the sale of Greenview Hotel, a 45-key boutique hotel located at 1671 Washington Ave. in Miami Beach, for under $15 million to a private investor.
Natalie Castillo and Austin LaPoten with CBRE Hotels represented the seller, Greenview Hotel LLC.
The Art Deco design of the property combined with its great condition and location among world-class developments made it an ideal fit for an owner-operator looking to expand their portfolio in South Beach’s high barrier to entry market. The adjacent construction of Thompson Hotel South Beach further highlights the demand for boutique hotels in this submarket.
Greenview is situated right at heart of Miami’s Art Deco District; less than two blocks from beach access and within walking distance (one block) from Lincoln Road which offers 800,000 square feet worth dining & shopping options nearby
