Hotel sold for $31 million in Miami Beach

Published Dec 1, 2025

Italplaza Of Collins LLC and Peg 375 LLC purchased the five-story hotel, at Collins Ave. from Fairwlnd SB LLC and 37 East 12TH Street Fairwinds LLC on Nov. 5, 2025 for $31,000,000. The site, listed for commercial use, was built in 1936, features 47,315 square feet and sits on a 0.7-acre lot.