In the last five years we completed nearly 4,000 advisory and valuation assignments and more sale, p

Jones Lang LaSalle state department travel warning Hotels ( JLLH ) has been selected to exclusively market and sell the 54-room Hotel Nash, currently doing business as Lords South Beach Hotel, in Miami Beach, Florida, on behalf of hotel owner Hotel Nash, LLC. The Art Deco-style property is located in the heart of South Beach, at 1120 Collins Ave.
Jones Lang LaSalle Hotels Managing Director Gregory Rumpel and Associate Zayli Rodriguez will lead marketing efforts for the property, which underwent a complete renovation and was rebuilt from its shell condition in 1999, with many of its historic elements restored. The hotel, which features three outdoor plunge pools, poolside cabanas and a bar, and a full-service restaurant, is oriented to gay travelers.
Hotel Nash presents an excellent opportunity for an investor to own a fully renovated historic Art Deco boutique hotel, centrally-located on South Beach, without redevelopment risk, stated Gregory Rumpel, Managing Director of Jones Lang LaSalle Hotels, based in Miami. Given Miami Beach s dearth of quality product, we are excited to be bringing this excellent hotel asset to market.
South Florida s hospitality market continues to sizzle with numerous high-profile hotel properties trading in the past two years, as domestic and international investors look to capitalize on the region s strong fundamentals. Year-to-date September 2012, Miami Hotels state department travel warning are experiencing an increase in average daily rates of up 4.2 percent and revenues per available room up 6.9 percent, according to the latest Smith Travel Research report. Hotel Nash is located state department travel warning in the heart of South Beach, near other boutique hotels such as the Tides Hotel, Dreams South Beach, state department travel warning Thompson Hotel Victor and Casa Casuarina, the former Versace Mansion.
Hotel Nash s excellent location combined with Miami Beach s competitive state department travel warning market will undoubtedly stimulate strong interest from the investor community, state department travel warning Rumpel said. There is plenty of pent-up demand in the market and we have been very successful at matching investors for all of our Miami Beach listings, Hotel Nash will be no exception.
Hotel Nash was ranked number three of the 50 best new hotels in the world by Travel state department travel warning Leisure Magazine s Travel Leisure 2012 It List. It s also the winner of Best New Design, Midscale Hotel by Hospitality Design Magazine and the New York Times described the hotel as having a comfortable welcoming vibe.
Jones Lang LaSalle Hotels is a global real estate services firm focused exclusively on hotels hospitality. We provide acquisition and financing advice, valuations, investment sales and asset management for luxury hotels, select service and budget hotels, smaller hotels and pubs, from single assets to large portfolios and mixed-use developments.
In the last five years we completed nearly 4,000 advisory and valuation state department travel warning assignments and more sale, purchase and financing transactions than any other hotels real estate firm in the world worth over $30 billion. With 42 offices in 20 countries, no other firm is better connected. Through our depth and breadth of research and experience we know the market at every level, we know the players and we know how to get results. www.joneslanglasallehotels.com