LOS ANGELES, July 1, 2014—Urban Commons, LLC announces today the purchase of the 254-room Ramada Hialeah Miami Airport Hotel. The Ramada Hialeah, a Wyndham Worldwide hotel, is a full service hotel situated approximately 7 miles from the Miami International Airport (MIA) in the heart of South Florida’s Shopping District, which is home to many shopping venues as the Westland Mall, Opa-Locka Flea Market, Palm Spring Mile, International Mall and Dolphin Mall. The city of Hialeah is located in the greater Miami area and lies 13 miles from South Beach, where the trendiest beaches, hottest club scene, unique boutiques and upscale dining resides. Recently renovated in 2012, the Ramada Hialeah features an outdoor pool, fitness center, gift shop, game room, an Internet Kiosk, and over 4,000 square feet of flexible meeting space complete with catering and built out with state-of-the-art audio visual equipment.
Over the last several years Urban Commons has completed a large number of commercial property acquisitions. Urban’s hotel acquisition over that period totaled over $300 Million in asset value. With top management in place, the Company has been able to seamlessly take over hotels and quickly generate value by adding directly to their bottom line. Urban targets value-add opportunities where they see the greatest growth potential and upside opportunity for returns. With their success, Urban Commons continues to aggressively grow its portfolio in the hospitality sector.