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Aladdin Hotel in Miami Springs, FL – Image Credit CBRE
The Aladdin Hotel at 901 S Royal Poinciana Blvd, Miami Springs, is for sale. CBRE, the exclusive advisor, highlights the property’s potential for various uses, including its conversion to multifamily units, redevelopment of the site, or continuation of its current operation as a motel.
The Aladdin Hotel, a 49-room property spanning two buildings totaling 41,996 square feet, is currently for sale. Built in 2007, the hotel is at 901 S Royal Poinciana Boulevard, Miami Springs. The court has approved the sale process and will be conducted free of any liens and claims.
Investment Potential
The Aladdin Hotel offers a multitude of investment opportunities. This includes the potential for a value-add renovation to convert the hotel into a multifamily property with 49 units. The 52,390 sq. ft. site could also be fully redeveloped for various purposes. The current business operation as a motel could also be continued.
The property’s ground floor features private garages that lead directly into individual units. Each unit is located on the second and third floors, providing a unique loft-style living arrangement.
Location Benefits
The Aladdin Hotel is located near Le Jeune Road and NW 36 Street in Miami Springs. It is less than two miles from Miami International Airport (MIA), providing easy access to State Road 112, Okeechobee Road, and the under-construction Inter Miami Soccer Stadium.
The location offers immediate connectivity to downtown Miami/Brickell, Doral, Hialeah, and the Waterford Business District, making it an attractive investment opportunity.
Investment Highlights
The Aladdin Hotel’s sale presents several investment highlights. One is the possibility of continuing the existing use as a short-term rental operation or on a nightly rental basis. It also has the potential for conversion to multifamily units, allowing for 49 unique loft-style 1BR/1BA units with private garages. The full site could also be redeveloped for a new use, including a hotel, mixed-use apartments, and more. The property’s excellent location near Miami’s major thoroughfares and Miami International Airport adds to its appeal.
Inquire at CBRE.
