2/1/2008

Marcus & Millichap lists Angler's Hotel in Miami for $28M

by

Angler's Hotel

Marcus & Millichap Real Estate Investment Services has listed the historic Angler's Hotel in Miami Beach, Fla., for an asking price of $28 million or $571,429 per room.

Mark Wohl of the firm's Miami office is marketing the property on behalf of the seller, Anglers Resort, LLC.

The 49-suite hotel is located at 634-662 Washington Ave. and is comprised of four, four-story buildings on 13,000 square feet. Built in 1936, it was frequented by American novelist Ernest Hemingway and is being offered with a capitalization rate of more than eight percent.

Address: 634-662 Washington Ave., Miami Beach, Fla.

Size: 49 suites/13,000 square feet

Built: 1936

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Filed Under: Hotel/Resort

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