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Dauntless Capital Partners Acquires Arlo Wynwood Hotel in Miami for Over $44 Million

Dauntless Capital Partners Acquires Arlo Wynwood Hotel in Miami for Over $44 Million

Miami, FloridaSource: Commercial Observer
DealsMarkets

Houston-based Dauntless Capital Partners has acquired the Arlo Wynwood hotel in Miami from seller Quadrum Global for at least $44.3 million. Property records indicate a sale price of $44.3 million, though the actual transaction value is likely higher as it excludes furniture, fixtures, and business operations. BMO Bank provided a $43 million acquisition loan to Dauntless Capital Partners, a firm specializing in hospitality investments.

The nine-story Arlo Wynwood hotel, located at 2217 Northwest Miami Court in the southern part of Miami's Wynwood neighborhood, features 217 guest rooms. It also includes a ground-floor cafe and a rooftop area with a bar and pool. Quadrum Global completed the 144,848-square-foot hotel in 2022, having purchased the 0.8-acre site four years prior for $8.6 million.

This significant transaction occurs as Miami-Dade County's hotel occupancy saw a minor 0.1 percent year-over-year decrease, yet average room rates in the county simultaneously increased by 11.2 percent to $293.7. The sale underscores continued investor interest in Miami's hospitality assets, particularly within dynamic neighborhoods like Wynwood.

Topics

arlo-wynwoodbmo-bankdauntless-capital-partnershotel-salemiami-dadequadrum-globalwynwood

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