Hotels in Miami Gardens, Florida, offer a unique investment opportunity for those looking to capitalize on the city's growing tourism industry. With a population of approximately 110,000, Miami Gardens is an attractive destination for travelers attending events at the Hard Rock Stadium, home to the Miami Dolphins and the University of Miami Hurricanes football team. Hotels in Miami Gardens can represent a range of investments, from boutique properties catering to sports enthusiasts to larger establishments serving business travelers and families. The city's infrastructure, including the Miami International Autodrome and proximity to major highways, makes it an ideal location for hotels. Additionally, Miami Gardens is home to several institutions, such as St. Thomas University and Florida Memorial University, which attract visitors and students throughout the year. The city's amenities, including the Calder Race Course and various healthcare facilities, also contribute to its appeal as a hotel investment destination.
Miami Gardens, with its 2 hotels for sale, offers a diverse range of investment opportunities. The city's hotels can benefit from its proximity to major attractions, such as the Hard Rock Stadium, and its growing sports and healthcare industries. In addition to hotels, Miami Gardens is also home to 2 restaurants, 2 apartment buildings, and 2 shopping centers, each offering unique investment opportunities. Restaurants in Miami Gardens can capitalize on the city's sports tourism, while apartment buildings can cater to the growing population of students and professionals. Shopping centers, meanwhile, can benefit from the city's retail sector, which includes major employers like the Miami International Autodrome. Overall, Miami Gardens presents a compelling case for hotel investors, with its unique blend of sports, education, and healthcare driving demand for accommodations.
What factors should I consider when buying a hotel in Miami Gardens?
When considering buying a hotel in Miami Gardens, there are several key factors to take into account, including:
- The current market conditions, with 2 available listings of hotels in Miami Gardens, and an average price per square foot of $2 USD and an average size of 43,552 square feet.
- The potential for return on investment, with an average cap rate of , and the opportunity to capitalize on the city's growing sports and tourism industry, anchored by the Hard Rock Stadium.
- The local amenities and infrastructure, including access to major transportation facilities such as Florida State Road 860 and I-95, as well as the presence of healthcare facilities like Jackson North Medical Center and Concentra Urgent Care, which can impact the hotel's occupancy rates and revenue.
It's also essential to research and understand the local economy, including the major industries driving growth in Miami Gardens, such as healthcare, sports, and retail, as well as the city's demographics and population growth trends. Additionally, exploring financing options, such as CRE loans, can help make your hotel purchase more feasible. For more information on CRE loans, visit our article at commercial real estate loans.
How is the value of a hotel for sale typically calculated?
In Miami Gardens, where there are currently 2 hotel listings available, the value of a hotel for sale is typically calculated through a comprehensive CRE appraisal, which takes into account factors such as the property's income, expenses, and market value. To learn more about the CRE appraisal process and how it affects hotel valuations, check out our article at CRE appraisals, which provides an in-depth look at this critical step in commercial real estate transactions.
