The Princess Ann Hotel, a three-story, 45-room hotel built in 1934 on a 7,000-square-foot parcel at 920 Collins Avenue in Miami Beach, sold for 100 percent gain. Costa & Associates PA, Attorneys at Law represented the sellers, PAH I LLC. & PAH II LLC during this most recent sale as well as when they initially purchased the property in 2006.
Costa & Associates is a boutique firm located on Main Street in Miami Lakes. Helen C. Costa has been practicing law in Miami-Dade and Broward counties since 1994, and her primary focus is all matters under the umbrellas of Real Estate Law and Family Law.
The seller of the hotel originally purchased it for $5 million in March of 2006. It was able to command a $10 million purchase price in the seller’s recent sale to buyer, DBH Collins Hospitality LLC. Torres Vadillo LLP represented the buyer’s in this transaction.
For more information visit the firm’s website at www.costalawyers.com or contact the firm at 305-827-0100.