๐จ Landmark Hotel Sale: Stadium Hotel Sells for $24M in Miami
A major hospitality deal has closed in Miami’s booming real estate market — the Stadium Hotel, located just 1.6 miles from the iconic Hard Rock Stadium, has sold for $24 million. This 217-room, interior corridor property represents one of the strongest hotel investment sales in South Florida this year, trading at roughly $110,644 per key.Image: Stadium Hotel, Miami – Just minutes from Hard Rock Stadium
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๐ Why This Sale Matters for Miami Real Estate Investors
Originally built in 1973 and fully renovated in 2017, the Stadium Hotel offered a unique opportunity for adaptive reuse and redevelopment in a fast-growing area of North Miami-Dade. Despite challenges related to historic financial performance and market comparables, the property drew strong international interest, particularly from European institutional investors.
The deal closed in under 75 days, at a 4.64% cap rate and a 5.03x room revenue multiple, showing continued investor appetite for hospitality assets in Miami.
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๐ผ All-Cash Deal Signals Investor Confidence in Hard Rock Stadium Corridor
The buyer, a California-based institutional investor with a focus on adaptive reuse, made an all-cash offer approximately 20% above traditional hospitality bids, cementing confidence in the property’s long-term value.
The sale reflects the upward momentum in Miami’s hospitality and hotel sector, fueled by tourism, entertainment, and year-round demand for lodging near Hard Rock Stadium, Miami Gardens, and the Golden Glades corridor.
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๐ What This Means for Hospitality Investors in South Florida
This sale is more than a one-off deal — it’s a case study in strategic real estate execution. It proves that, even in a complex market, well-positioned hospitality assets in South Florida can trade at top-dollar when marketed correctly and aligned with the right buyer profile.
The Stadium Hotel deal underscores the value of:
• Proximity to major venues (like Hard Rock Stadium)
• Solid renovations and repositioning potential
• Investor interest in Miami hospitality and commercial properties
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๐ Thinking About Investing in South Florida Hotels?
Whether you’re an experienced investor or exploring Miami hotel investments for the first time, now is the time to explore high-performing opportunities in this high-demand market.
Contact our team today for:
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