
Art Deco MARELA Boutique Hotel
MIAMI BEACH, FLORIDA
Art Deco Marela, situated in the most enchanting street of the neighborhood with walkability and proximity to the vibrant nightlife in South Beach makes it a desirable place for sophisticated travelers.

The South of Fifth neighborhood has established itself as the preeminent neighborhood for tourism and luxury living in South Florida. The highest and best use is a boutique luxury hotel.
The owners of this property acquired the building a few years ago and made a complete restoration. The city of Miami Beach grandfathered the last hotel license in the South of Fifth area.
A 17 room hotel surrounded by
peace and tranquility
What does ART DECO MARELA BOUTIQUE HOTEL offer?
- Miami’s most beautiful beaches, just few minutes walking from the hotel.
- Live surrounded by the most exclusive restaurants run by locals.
- Biking, jet skiing, yachting, live music, and much more than you can imagine.
- Best Art Deco and architecture in Miami Beach! Be surprised by each building and travel to the 40s.
Art Deco MARELA Boutique Hotel
MIAMI BEACH, FLORIDA.
Investment Plan
Property Details
Numbers
Property Details
- Year Built: 1940
- Number of Buildings: 1
- Number of Stories: 2
- Number of Units: 16
- Residential Apartment Long-Term Rental: 1
- Lot Size: 7,000
- Actual Area: 8,884
- Acceptable Use: Boutique Hotel / Short Term Rental
- Status: Vacant
- Zoning: 3002 Multy-Family
Numbers
FOR SALE
Asking Price:
$9,900,000 USD
These were the expected numbers having this hotel working
- Gross Income: $1,774,629 USD
- OCC: 75%
- OPEX: $532,388 USD
- NOI: $798,584 USD
- Cap Rate: 8%
