Miami Condo Market and Lifestyle Updates
CS Brickell Acquires Three Properties in the Brickell Area for $9.5 Million

CS Brickell Acquires Three Properties in the Brickell Area for $9.5 Million

by Sep Niakan | July 17, 2014


A company tied to the hospitality company Choice Hotels purchased a three-property plot in the Brickell area for $9.5 million.

The company, CS Brickell, acquired three small apartment buildings at 145, 155, and 165 Southwest 12th Street. There was no financing recorded for the purchase.

Brickell Park, LLC., based out of Coconut Grove, was the seller. They paid $2.5 million for the three buildings back in October of 2006.

Choice Hotels is a hospitality holding company being publicly traded on the New York Stock Exchange. It has over 6,300 hotels franchised, with over 500,000 rooms in over 30 countries. Choice Hotels boasts many popular brands, such as Cambria Suites, Comfort Inn, and Sleep Inn.

The initials in the purchasing company's name, CS Brickell, could possibly stand for Cambria Suites, the hotel brand they may choose to develop on the site.




Photo credit: Cambria Suites - bizbeatblog.dallasnews.comChoice Hotels Logo wikipedia.orgThree Buildings google, Map google

Recent posts

Real Estate News

Luxury Miami Condo Report: Dec 2017 and 2017 Annual Report

by Sep Niakan | January 21, 2018

Miami Luxury Condo Market Summary City and Neighborhood Luxury Condo Reports              Miami Beach Luxury Condo Report                        ...

Real Estate News

Monthly Pre-Construction Update - December 2017

by Sep Niakan | January 17, 2018

Taking a cue from the New Year and new beginnings, we saw the condo pre-construction market make three ground breakings this December. After months of silence, there was finally some hustle from developers at Resorts World Miami. Ritz-Carlton...


Cheers to a New Year and New Beginnings…

by Sep Niakan | January 05, 2018

Welcome to the other side of the New Year! The side that’s made up of fresh energy, brand new ideas and a whole 365 days of infinite possibilities.   A lot of people consider January to be the month when the festive season and all its...


Events for a Joyful January in Miami

by Sep Niakan | December 31, 2017

The Holiday season may be over, but the festivities don’t have to stop if you’re in Miami. Take a pick of your favorite music, art, fitness or film festival below and let the merriment continue into January 2018.   Miami Cruise...