South Beach hotel lists for $5.5 million

The Loft Hotel in South Beach has hit the market asking $5.5 million. The hotel is composed of 21 suites each measuring 370 square feet and possessing a kitchen so that the rooms can be used for short term rentals. The property is located at 952 Collins Avenue and is zoned MXE. Susan Gale of Majestic Properties has the listing. – Christopher Cameron