Colliers is pleased to offer for sale a fee simple interest in the 22-key Metro Park Class A Hotel, located in Miami, Florida. The subject property is a newly constructed 12,146 SF boutique hotel located in the heart of Little Havana. The property is a class A 4-story hotel offered as a turnkey product for a new investor. Common area amenities include onsite parking, Wi-Fi, and an elevator. Each room has been thoughtfully designed, featuring comfortable sofas and state-of-the-art climate control systems to ensure a welcoming and pleasant stay. Entertainment is guaranteed with flat-screen TVs equipped with satellite channels, enhancing the leisure experience. The accommodations also include well-appointed bathrooms with separate toilets, showers, hair dryers, and bath sheets. Also, convenience is provided by self-catering facilities such as coffee and tea-making amenities.

Little Havana, located between Miami’s CBD and the Miami International Airport, is Miami's vibrant Cuban heart. It is home to many immigrants from Central and South America and Cuban exiles, named after the largest city and capital of Cuba, Havana. Noted as a center of social, cultural, and political activity in Miami, Little Havana is characterized by its street life, restaurants, and music and is the best-known Cuban exile neighborhood in the world. In 2015, Little Havana was included in the National Trust for Historic Preservation's annual list of 11 Most Endangered Places, and in 2017, the Trust declared it a national treasure. The neighborhood has a rich Cuban history, rare art and colorful murals, live music, and authentic Cuban food, all centered around the world-famous Calle Ocho.

The Little Havana hospitality market consists of nine buildings with a total of 308 rooms, each building averaging about 34 rooms. The buildings range in age from the historic 1920s to the most recent renovation completion that finished construction in 2018. Among the most comparable hotels in the Little Havana submarket, the Average Daily Room (ADR) rate graph reflects the market’s affordability, capturing rates below the Miami-Dade County average. That said, ADR rates have steadily increased since 2020, reaching a 12-month average of $132.39 in November 2023, with highs in the $170s during peak months. Little Havana remains a strong demand market with a 12-month average occupancy rate of 71.4%, which is on par with the overall Miami-Dade County at 72.0%. As the hospitality market continues to grow in Little Havana, there is currently one project in the final planning stages, the Icon on 8 (140 rooms), which is expected to be complete by 2026. Additionally, there is one proposed project, the Trademark Collection by Wyndham Miami (120 rooms). If it wins all approvals, the hotel project will also be completed by 2026.