Hotel Nash, aka Lords South Beach
The Hotel Nash in South Beach has traded for about $15.5 million, The Real Deal has learned.
A company managed by Miami Beach-based Cambean Hospitality sold the boutique hotel at 1120 Collins Avenue on Monday, according to Miami-Dade County records. The county recorded the transaction the following day. Cambean-managed Hotel Nash paid $12.5 million for the 54-room hotel in February 2008.
CRP Nash, managed by Washington, D.C.-based the Carlyle Group, is the buyer. No financing was recorded.
An Art Deco hotel built in 1935, Hotel Nash most recently operated as Lords South Beach. The hotel caters to gay travelers. — Eric Kalis
via The Real Deal Miami http://ift.tt/1gbB5ln
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