• TYPE OF ASSET: Boutique Hotel
  • ADDRESS: 3900 Collins Ave, Miami Beach, FL 33140
  • SIZE: 97 guestrooms

A Diversified Hotel Portfolio

Acquired in joint venture with AMS Hospitality, Circa 39 Hotel is a beachside boutique hotel located on famous Collins Avenue and a street across the Miami Beach Boardwalk. While preserving its art deco historic façade, the interiors will be modern and sophisticated with a chic décor.

Property Overview

Circa 39 is walking distance to some of Miami Beach’s top restaurants, clubs, and shops. Miami Beach is a well-established tourist market that emerged as particularly resilient during the pandemic, showing steadily rising occupancy rate and average daily rates.

About Miami Beach

The hotel market in Miami emerged as particularly resilient during the pandemic, showing steadily rising occupancy rate and average daily rates. According to STR, in June 2021, Miami hotels showed an occupancy rate of 72.2%, far higher than the national average of 66.1%, while visitors were charged an average of $225.03 per night, up 49% from the pre-pandemic rate of $150.92 in June 2019.