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.

 

 

Source: therealdeal.com

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

Recent posts

Real Estate News

Miami Luxury Condos: Q2 Report June 2017

by Sep Niakan | July 19, 2017

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

Lifestyle

Miami for Wine Lovers Part 1: Top Wine Tastings and Events

by Sep Niakan | July 18, 2017

Who needs Napa Valley when Miami has a flourishing wine culture? This series of blogs is dedicated to all the wine lovers in Miami. In this part, we are covering events and tastings across the city that will acquaint you with wines from around the...

Lifestyle

Editorial: Traffic-Busting Transit-Oriented Development of Condos and Apartments in Miami

by Sep Niakan | July 18, 2017

We are all familiar with the pain of Miami’s current traffic situation. But, our prayers are finally being answered! The long-time need for transit-oriented development is being addressed, with almost nine projects on the drawing board and one...

Real Estate News

Brickell Heights Has Arrived! A Review of the Condo and its Amenities (Photo Blog)

by Sep Niakan | July 18, 2017

Brickell Heights Has Arrived in Style! Brickell heights started closings in June at a rapid pace, and so far I have seen and heard nothing but good things about the building and have had great experience with the staff and management there. That...