YotelPad Miami

YotelPad Miami Property Management

YotelPad Miami introduced a format designed from inception for the short-term rental investor. Completed in 2022, the 31-story tower in Downtown Miami splits into 222 hotel rooms on the lower floors and 231 privately owned residences above — each delivered fully furnished with smart home systems, European kitchens, and compact floorplans engineered for efficient turnover.

Aria Development Group structured the offering with no rental restrictions. Owners list on Airbnb, Booking.com, or any platform of their choosing. A hotel rental program exists as an alternative, but participation is optional. This flexibility, combined with entry prices below comparable Brickell inventory, makes YotelPad one of the most accessible condo-hotel investments in Miami-Dade.

The building sits two blocks from the Metromover, within walking distance of Bayside Marketplace and the Kaseya Center. Complimentary beach access through Boucher Brothers on South Beach is included for all residents. For context on comparable buildings, see Natiivo Miami and The Elser Hotel.

Address

227 NE 2nd Street, Downtown Miami, FL 33132

Neighborhood

Downtown Miami

Classification

Condo-Hotel

Completed

2022

Total Units

453 (231 residential, 222 hotel)

Stories

31

Unit Types

Studios to Two-Bedrooms

Size Range

386–647 sq ft

Developer

Aria Development Group & Aqarat

Architect

Stantec

Pet Policy

Pet-friendly for owners and renters

The Investment Case

YotelPad appeals to first-time short-term rental investors for a reason: entry prices sit well below comparable Brickell condo-hotels, and the micro-unit format keeps turnover costs low. Cleaning a 400-square-foot studio takes half the time of a full one-bedroom. Consumables are minimal. The math is straightforward.

The trade-off is rate ceiling. Smaller units command lower nightly rates than larger inventory in buildings like Icon Brickell or The Elser. YotelPad's revenue story is volume — high occupancy at moderate ADR, not peak-rate positioning. For owners comfortable with that model, the building delivers consistent cash flow.

Operational Reality

The condo-hotel structure means shared lobby and amenity spaces with hotel guests. This creates a built-in service infrastructure — concierge, security, housekeeping coordination — but also means common-area upkeep costs are distributed across all 453 units through HOA fees. Owners should factor the maintenance fee (approximately $0.78 per square foot) into operating projections.

Amenities include a rooftop pool deck, fitness center, coworking spaces, and the Skytop lounge. Units include Smeg Italian appliances, Grohe and Toto bath fixtures, Nest smart thermostats, and in-unit Electrolux washer/dryer. The building is pet-friendly and allows custom furniture packages.