Selina Gold Dust Motel

Highlights:

• Turnkey Asset: Over $5M invested in complete renovations; minimal capital required by next owner.
• Two Revenue Streams: Income from both hotel operations (leased to Active Stay MiMo) and F&B lease (Mad Radio).
• Grandfathered Speakeasy: Cannot be replicated in the district; included in the offering.
• Termination Flexibility: Both leases include 90-day termination options, allowing for operational takeover.
• Upper Midscale RevPAR: Market RevPAR is $110; potential to exceed with direct management or brand conversion.
• High Barrier to Entry: MiMo District is historically preserved with no new hotels under development.
• Strategic Location: Minutes to Miami Design District, Wynwood, Miami Beach, Brickell, Downtown, Cruise Port, and MIA Airport.

Description:

Matthews Real Estate Investment Services is pleased to present the exclusive fee simple offering of the Selina Gold Dust, a fully repositioned 58-key boutique hotel located in the heart of Miami’s iconic MiMo (Miami Modern) District. This irreplaceable hospitality asset has undergone a transformative $5M+ renovation—stripped down to the studs and rebuilt to modern standards—while preserving its distinctive 1950s architecture. The property features a vibrant on-site restaurant and a fully grandfathered speakeasy bar, a coveted entitlement that can no longer be duplicated under current zoning, offering a rare competitive edge in the marketplace.

Selina Gold Dust represents a compelling opportunity for investors seeking stable in-place income with significant operational upside and optionality. The hotel is currently stabilized through two separately leased income streams—a hotel lease and an F&B lease—yet both over 90-day termination clauses, providing future ownership with the flexibility to reposition, rebrand, or directly operate the asset to capture greater revenue potential.

With no new hotel construction currently underway in the MiMo District, the market presents high barriers to entry due to stringent preservation overlays and zoning restrictions. As such, this asset is ideal for an owner-operator, boutique brand, or experiential concept seeking immediate presence in one of Miami’s most architecturally and culturally significant neighborhoods—just minutes from the Design District, Wynwood, Brickell, and Miami Beach.

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