The Aladdin Hotel located at 901 S Royal Poinciana Bldg, Miami Springs, Florida, is currently for sale. CBRE is the exclusive adviser and highlights the potential of the property for a number of uses including conversion to multifamily, redevelopment or continuation of the current operation as motel.
Aladdin Hotel in Miami Springs, which has 49 rooms and two buildings, totaling 41.996 square feet is for sale. The hotel was built in 2007 and is located at 901 S Royal Poinciana Boulevard in Miami Springs. The sale will proceed without any liens or claims, as the court has approved it.
Investment Potential
The Aladdin Hotel has a wide range of investment possibilities. There is also the possibility of converting the hotel to a 49-unit multifamily building with a value added renovation. The site of 52,390 sq. Site of 52,390 sq. Alternatively, the current motel operation could be maintained.
The ground floor of the property features garages which lead directly to individual units. The units are located on the second or third floor, and offer unique loft-style accommodation.
Location Benefits
The Aladdin Hotel in Miami Springs is near Le Jeune Road, NW 36 Street and the Inter Miami Soccer Stadium. It is only two miles away from Miami International Airport. State Road 112, Okeechobee Road as well as the Inter Miami Soccer Stadium are all easily accessible.
This location is a great investment because it offers easy access to Downtown Miami/Brickell and Doral, Hialeah and the Waterford Business District.
Highlights on Investment
The Aladdin Hotel sale offers several opportunities for investors. One of the highlights is the option to continue the current use as a rental business, either on a daily or short-term basis. It is also possible to convert the property into multifamily housing, which would include 49 loft style 1BR/1BA apartments with private garages. The site can be used for other purposes, such as mixed-use apartments or a hotel. The location of the property near Miami International Airport and major highways adds to it appeal.
Inquire at CBRE.
