3H Group buys Brickell dev site to build hotel

Seller planned 206-room Residence Inn by Marriott

TRD MIAMI /
Jan.January 25, 2019 05:30 PM

3H Group CEO Hiren Desai and 1741 Southwest Second Avenue (Credit: LinkedIn and Google Maps)

3H Group paid $10.25 million for a property in Brickell with plans to bring a new hotel to the site.

Tennessee-based 3H Group paid about $200 per foot for the site 1741 Southwest Second Avenue, totaling four properties and 30,000 square feet.

Doral-based Hotelex Properties sold the site, where it planned to build a 206-room Residence Inn by Marriott, property records show. The company paid $6.05 million for the assemblage in 2014.

3H Group partners with brands such as Marriott, Hilton, IHG and Choice to build new hotels, according to its website. The Brickell site is in front of the Homewood Suites by Hilton Miami and near the Habitat Residence Condo Hotel.

Earlier this week, Sage Developers listed a 19,850-square-foot lot down the road at 1621 Southwest Second Avenue for $7.2 million, where a new developer could build a boutique hotel, condo or apartment building.

In August, 3H Group bought the site at 3047 Biscayne Boulevard in Edgewater with approved plans to build a 13-story hotel with 137 rooms. The company, led by developer Hiren Desai, is also building an AC Hotel by Marriott in Edgewater.

3H Group, formed in 2000, is headquartered in Chattanooga. It also owns the 151-unit Hampton Inn & Suites Miami Midtown at 3450 Biscayne Boulevard.


Related Articles

arrow_forward_ios
Rattan Chadha, Executive Chairman & Founder of CitizenM

CitizenM scores $48M loan to build Brickell hotel

Daily Digest Miami

Last call for Purdy Lounge, Russell Galbut wants to sell another Miami Beach hotel: Daily digest

Smart Brickell and Santiago Vanegas

Habitat moves forward with West Brickell condo, hotel project

La Social’s original location at 7601 Biscayne Boulevard (Credit: Google Maps)

The Weekly Dish: La Social to open in downtown Miami, Salt & Straw is going to Wynwood 25 & more

Rendering of Virgin Hotels Miami and Richard Branson (Credit: Getty Images)

Richard Branson’s Virgin Hotels unveils plans for first Miami hotel, co-living included

Daily Digest Miami

PurduePharma family behind office purchase in downtown West Palm, Dwyane Wade wants out of Miami Beach manse: Daily digest

Babylon Apartments and Francisco Martinez-Celeiro (Credit: Google Maps and Wikipedia)

Showdown in Miami? Spaghetti Western star loses Brickell upzoning battle

Brickell House and Harvey Hernandez

Brickell House condo association scores $41M over failed parking garage

arrow_forward_ios