Nautilus Sonesta Miami Beach Update 06/06/23

Miami Beach Hotel Trades for $165.4M

Service Properties Trust has acquired the Nautilus Sonesta Miami Beach for $165,400,000. The property located at  1825 Collins Ave. was originally designed in the 1950s by famed “Miami Modern” architect Morris Lapidus. The 250-room hotel features over 20,000 square feet of event space. CBRE Hotels & Eastdil Secured represented the seller in the transaction. 

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