The Real Deal Miami

Hotel developer picks up West Brickell site

Four vacant properties totaling 30,000 square feet acquired for more than $6M

August 13, 2014 12:45PM

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Emile Farah and George Befeler

Emile Farah and George Befeler

A hotel developer picked up a 30,000-square-foot site in Miami’s West Brickell neighborhood for more than $6 million.

Hotelex Brickell acquired four vacant properties in two transactions recorded at the beginning of August, according to Miami-Dade County records. The parcels are adjacent to the Homewood Suites Miami-Brickell under construction at 1750 Southwest First Avenue. The buying company is tied to William Hammani, a Venezuelan developer who recently relocated to Miami.

Valle at West Brickell sold the land to Hotelex. It paid about $3.2 million for the properties. Local businessman Nelson Rodriguez is the company’s manager.

The Farah Group of USA Lending & Realty arranged the transaction, led by Emile Farah, Jean Kelly and Zena Bardawell. Miami attorney George Befeler handled the closing and is identified is state corporate records at Hotelex’s manager. — Eric Kalis

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