MIAMI—Hawkins Way Capital has acquired the 71-key Alden Hotel Miami Beach for $21.3 million.

The property at 225 Indian Creek in the heart of Mid-Miami Beach was sold by SMS Lodging, which is owned and managed by the Arnoldsson family, and R^2 Companies.

Hawkins Way Capital was represented by CBRE in the transaction. JLL Hotels & Hospitality managing director Gregory Rumpel, EVP Andrew Dickey and VP Maciej Polek advised the seller, while SVP Paul Wimer, First VP Natalie Castillo, and associate Joshua Beene advised Beverly Hills-based Hawkins Way Capital on the transaction. JLL and CBRE worked collaboratively together in the direct off-market transaction.

SMS Lodging acquired the condo-hotel through the acquisition of bulk units and individual units and ultimately converted the building to a hotel. The hotel features an historic façade, large outdoor patio and a swimming pool with a sundeck.

The property is located three blocks from the beach and within walking distance to some of Miami's top entertainment venues.

Instant Insights /

Beverly Hills Investment Firm Acquires Miami Beach Hotel

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