Miami Beach hotel trades for $11M

Hotel Eva at 1506 Collins Avenue
Hotel Eva at 1506 Collins Avenue

Hotel Eva in Miami Beach has changed hands for $11 million, The Real Deal has learned.

Ventura Way of Miami Beach sold the 1506 Collins Avenue hotel on Feb. 18, according to Miami-Dade County records. The county recorded the transaction Tuesday. Orlando Valdes is the manager of Ventura Way, which paid $5.8 million for the 29-room hotel in July 2008.

Sign Up for the undefined Newsletter

J3 Collins Ave is the buyer. State corporate records show the company is managed by James Potter of Snohomish, Wash. It obtained a $6.5 million mortgage from TotalBank for the acquisition.

The hotel was originally constructed in 1962. — Eric Kalis