Hotel in Miami Beach sells for $26 million

Published Feb 9, 2026

The hotel at Collins Ave. was constructed in 1936. The lot of the property covers 0.3 acres. The four-story building is equipped with central cooling. The new owner, KT Collins Ave LLC, purchased the 21,377-square-foot site, listed for commercial use on Jan. 21, 2026 for $26,000,000.