Press Releases
Marcus & Millichap Facilitates Hospitality Asset Sale in Suburban Miami
August 07, 2025
MIAMI GARDENS, Fla., Aug. 7, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of the Stadium Hotel, a nine-floor, 217-room hospitality asset in Miami Gardens, Florida. The property sold for $24 million.
"This was an excellent opportunity to acquire a hotel sitting on almost five acres of land that offers mixed-use development opportunities next to the Hard Rock Stadium,” said Ryan Shaw, managing director investments in Marcus & Millichap’s Miami office. Shaw represented the buyer. The seller is private party represented by The Kabani Hotel Group.
Built in 1973 and renovated in 2017, the hotel is one mile from Hard Rock Stadium and a short drive from Fort Lauderdale-Hollywood International Airport. Nearby attractions include Calder Casino, Gulfstream Park, Pembroke Lakes Mall, and Fort Lauderdale Beach. Stadium Hotel’s amenities include a large swimming pool, miniature golf course, sports courts, and meeting and event spaces.
"This was an excellent opportunity to acquire a hotel sitting on almost five acres of land that offers mixed-use development opportunities next to the Hard Rock Stadium,” said Ryan Shaw, managing director investments in Marcus & Millichap’s Miami office. Shaw represented the buyer. The seller is private party represented by The Kabani Hotel Group.
Built in 1973 and renovated in 2017, the hotel is one mile from Hard Rock Stadium and a short drive from Fort Lauderdale-Hollywood International Airport. Nearby attractions include Calder Casino, Gulfstream Park, Pembroke Lakes Mall, and Fort Lauderdale Beach. Stadium Hotel’s amenities include a large swimming pool, miniature golf course, sports courts, and meeting and event spaces.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
