Aladdin Hotel in Miami Springs, FL Listed for Sale

The Aladdin Hotel, located at 901 S Royal Poinciana Blvd in Miami Springs, Florida, is currently on the market for sale. CBRE, the exclusive advisor for the property, highlights its potential for various uses such as conversion to multifamily units, redevelopment of the site, or maintaining its current operation as a motel.

The hotel, which consists of 49 rooms spread across two buildings totaling 41,996 square feet, was constructed in 2007 and is situated at the specified address in Miami Springs. The sale process has been approved by the court and will proceed without any encumbrances.

Potential for Investment

The Aladdin Hotel offers numerous investment opportunities, including the option for a value-add renovation to transform it into a multifamily property with 49 units. The 52,390 sq. ft. site could also be completely redeveloped for various purposes. Moreover, the current motel business operation could be sustained.

The ground floor of the property comprises private garages that lead to individual units, with each unit situated on the second and third floors, offering a unique loft-style living arrangement.

Location Advantages

Positioned near Le Jeune Road and NW 36 Street in Miami Springs, the Aladdin Hotel is conveniently located less than two miles from Miami International Airport (MIA), providing easy access to State Road 112, Okeechobee Road, and the Inter Miami Soccer Stadium currently under construction. Its proximity to downtown Miami/Brickell, Doral, Hialeah, and the Waterford Business District further enhances its appeal as an investment opportunity.

Key Investment Points

The sale of the Aladdin Hotel presents various investment opportunities, including the option to continue its current use as a short-term or nightly rental operation. There is also potential for conversion into multifamily units, creating 49 unique loft-style 1BR/1BA units with private garages. Alternatively, the entire site could be redeveloped for a new purpose such as a hotel, mixed-use apartments, and more. The property’s prime location near major Miami roads and Miami International Airport adds to its attractiveness.

For further information, please contact CBRE.