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


5 February Events in Miami You’ll Regret Not Planning For

by Sep Niakan | January 22, 2017

Welcome to the month of love! February’s here, and it’s time to get into celebration mode once again. With Valentine’s being the highlight of the month, Miami’s got a mixed bag of events that will help singles and couples...

Real Estate News

Could Cite in Edgewater Have New Hotel Neighbor?

by Sep Niakan | January 12, 2017

According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...

Real Estate News

Brickell Avenue Bridge Schedule, Traffic and Solutions -- All You Need To Know

by Sep Niakan | January 09, 2017

Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...

Real Estate News

9 Positive Signs for the Miami Real Estate Market in 2017

by Sep Niakan | January 08, 2017

Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...