Miramar extended-stay hotel sells for $9.2M as investor expands in South Florida
The WoodSpring Suites in Miramar is the latest in a series of purchases of the hotel brand by an Atlanta-based firm.
An affiliate of the Noble Investment Group bought the hotel for $9.2 million, according to a warranty deed obtained by the Miramar News on March 10.
Gold Coast Premier Properties Group sold it on Jan. 14.
On Jan. 20, Noble Investment Group announced the acquisition of a portfolio including 14 WoodSpring Suites hotels “located across a diversified set of high-growth U.S. markets with strong economic fundamentals and multiple demand drivers,” according to a news release.
Two other 122-room WoodSpring Suites hotels were sold to Noble Investment Group affiliates this year — one in Tamarac for $7.8 million, and one in West Palm Beach for $10.64 million, according to Broward and Palm Beach County documents.
WoodSpring Suites are extended-stay hotels designed for week- and month-long stays or longer. They have full kitchens in each room and 24/7 access to laundry facilities on site.
The Miramar location, located at 3660 Red Road, was built in 2020.
