SMS Lodging lists Miami Beach hotel after selling another for $21M

SMS recently sold the 71-key Alden hotel for $21.3M

SMS Lodging is looking to sell a boutique hotel in South Beach, following the $21.3 million sale of another hotel farther north in Miami Beach.

The firm, led by Jesper Arnoldsson, tapped CBRE to list The Julia, a 29-room hotel in the South-of-Fifth neighborhood, at 336 Collins Avenue. CBRE’s Paul Weimer, who is listing the property with Natalie Castillo and Joshua Beene, said it’s expected to sell for about $300,000 a key, which would come out to nearly $9 million.

SMS recently sold the 71-key Alden hotel at 2925 Indian Creek Drive in Mid-Miami Beach for $21.3 million. CBRE and JLL brokered the deal. Hawkins Way Capital purchased the former condo-hotel building and is planning to open Found Hotel Miami Beach next summer with Found Places.

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The Julia, built in 1932, went through a $3.2 million renovation in 2017, according to marketing materials for the property. The two-story, 9,237-square-foot building has units averaging 275 square feet, a lobby and a covered patio.

Property records show that Arnoldsson’s 336 Collins LLC paid $3.7 million for the building in 2015.

In addition to a hotel in the Bahamas and hotels in Miami and Key West, SMS owns the 32-key Hotel St. Augustine at 347 Washington Avenue, which is across the street from The Julia, and next to a mostly vacant lot that SMS also owns.

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SMS Lodging lists Miami Beach hotel after selling another for $21M

SMS recently sold the 71-key Alden hotel for $21.3M

SMS Lodging is looking to sell a boutique hotel in South Beach, following the $21.3 million sale of another hotel farther north in Miami Beach.

The firm, led by Jesper Arnoldsson, tapped CBRE to list The Julia, a 29-room hotel in the South-of-Fifth neighborhood, at 336 Collins Avenue. CBRE’s Paul Weimer, who is listing the property with Natalie Castillo and Joshua Beene, said it’s expected to sell for about $300,000 a key, which would come out to nearly $9 million.

SMS recently sold the 71-key Alden hotel at 2925 Indian Creek Drive in Mid-Miami Beach for $21.3 million. CBRE and JLL brokered the deal. Hawkins Way Capital purchased the former condo-hotel building and is planning to open Found Hotel Miami Beach next summer with Found Places.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The Julia, built in 1932, went through a $3.2 million renovation in 2017, according to marketing materials for the property. The two-story, 9,237-square-foot building has units averaging 275 square feet, a lobby and a covered patio.

Property records show that Arnoldsson’s 336 Collins LLC paid $3.7 million for the building in 2015.

In addition to a hotel in the Bahamas and hotels in Miami and Key West, SMS owns the 32-key Hotel St. Augustine at 347 Washington Avenue, which is across the street from The Julia, and next to a mostly vacant lot that SMS also owns.

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