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Florida & Gulf Coast  + South Florida  + Hospitality  | 

AB Asset Management Acquires Residence Inn Coconut Grove Hotel

AB Asset Management has acquired the Residence Inn Coconut Grove, a three-building, 140-room hotel in Miami’s Coconut Grove area. The sales price was not disclosed.

Located at the intersection of Tigertail Avenue and Mary Street, the property sits on more than two acres at the entry-point of the Grove’s business district, just a few minutes walking distance from shopping, dining venues and multiple parks overlooking Biscayne Bay. The property is located at 2835 Tigertail Ave.

John Crotty, Michael Fay, David Duckworth, Brian C. de la Fé, Emily Brais and Berkley Bloodworth of Avison Young represented the seller, Hersha Hospitality Trust, in the transaction. AB Asset Management is managed by Getzy Fellig and Sam Zalmanov.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Acquisition