The Vagabond Group LLC

What The Vagabond Group LLC does

The Vagabond Group LLC is a privately held, women-led real estate development firm founded by Avra Jain and Dalia Lagoa, headquartered in the MiMo/Biscayne Boulevard Historic District of Miami, Florida. The firm specializes in adaptive reuse and historic preservation, acquiring underutilized and historically significant properties — primarily mid-century motels, warehouses, and early-twentieth-century inns — and converting them into boutique hotels, creative office space, hospitality venues, and affordable housing. Notable assets include The Vagabond Hotel (1953, MiMo), Miami River Inn (1908, oldest standing hotel in Miami), Factory Town (a 190,000 SF 1932 mattress factory in Hialeah within an Opportunity Zone with Entertainment District and TOD zoning overlays), 225 Midtown, 222 Midtown Crossing, Gold Dust Motel, South Pacific "Wotel," and Casa Florida restaurant, as well as the international Cliff Hotel & Spa in Negril, Jamaica.

The firm's underlying capability is regulatory and entitlement-driven rather than technology-driven: documented expertise in obtaining complex zoning approvals, including Opportunity Zone designations, Entertainment District ordinances, Hialeah Market Station Transit Oriented Development overlays, and historic preservation designations. A jointly-controlled design subsidiary, Vagabond Architecture, is co-founded by Amanda Bonvecchio (Director of Design and Development) and Natalia Cebollero (Director of Construction and Design), internalizing architectural capability. The firm also operates a public-private partnership channel with the Omni Community Redevelopment Agency and Mt. Zion CDC for affordable housing development under the Miami-Dade County Surtax program.

The Vagabond Group's revenue model blends one-time real estate development gains with recurring operational income from owned hospitality and commercial assets. Revenue streams include hotel operations (The Vagabond Hotel, The Cliff Hotel & Spa, Miami River Inn / Selina and Gold Dust / Selina), F&B operations (Casa Florida restaurant and Miami's first permanently permitted container bar), creative office leasing (225 Midtown, South Pacific Wotel, 222 Midtown, Factory Town), and special-event/entertainment venue operations (Factory Town). Affordable housing projects are executed as ground-up or rehabilitation developments under public-private partnership financing, often with below-market-rate returns but with stable institutional counterparties. The go-to-market is sales-led and relationship-driven rather than marketing-driven, with deal flow sourced via direct outreach to anchor tenants (Selina, Anatomy Fitness, La Comunidad, Casa Florida), municipal agencies, and industry recognition (Florida Trust, ULI, AIA Miami, Greater Miami Chamber of Commerce awards).

Name

The Vagabond Group LLC

Legal name

The Vagabond Group LLC

Website

https://thevagabondgroupllc.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

The Vagabond Group LLC is a women-led, Miami-based real estate development firm specializing in adaptive reuse and historic preservation, acquiring and renovating underutilized historic properties into boutique hotels, creative office, and affordable housing assets.

Ownership category

akta.pro rank

Product category

Real Estate Development Services

NAICS

Historical Sites (712120), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Lessors of Real Estate (5311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Historic Preservation & Landmarks Conservation (BPAGAHAE)

akta.pro secondary industry

New Development / Declarant Transition Management (BPAJAHAK)

Keywords

• Adaptive reuse development
• Historic preservation
• Real estate development
• Hospitality development
• Affordable housing

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Real Estate Development: Acquires historic and underutilized properties, renovates and repurposes them through adaptive reuse, then generates revenue through hospitality operations, commercial leasing, and property sales. Revenue streams include hotel operations (The Vagabond Hotel, The Cliff Hotel & Spa), restaurant operations (Casa Florida), creative office leasing, and special event/entertainment venue operations (Factory Town).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

The Vagabond Group LLC is a Miami-based real estate development firm specializing in adaptive reuse and historic preservation projects. The company develops hotels, commercial office space, affordable housing, and new construction, focusing on repositioning historically significant or underutilized properties in the South Florida market.

Product overview

The Vagabond Group LLC is a women-led real estate development firm specializing in adaptive reuse and historic preservation. The company's portfolio is a collection of distinct projects spanning boutique hotels (The Vagabond Hotel, The Cliff Hotel & Spa), historic inns (Miami River Inn), adaptive reuse commercial properties (225 Midtown, Factory Town, 222 Midtown, South Pacific), and affordable housing developments (Superior Apartments, 6820 Scatter, 16 Corner). These projects are united by the firm's approach to place-making through history and sustainability, with most projects located in Miami's historic districts (MiMo, Little Havana, Overtown, Midtown) and one international property in Jamaica. New development projects like 555 River House represent the firm's expansion into mixed-use lifestyle experiences combining creative office, hospitality, and residential components.

Differentiator

Problem solved

Functional benefit

Brands

• Vagabond Hotel: Historic boutique hotel in MiMo Biscayne Boulevard Historic District, originally constructed in 1953 and renovated by the company.
• Miami River Inn
• Factory Town
• 225 Midtown
• Gold Dust Motel
• South Pacific Motel
• Casa Florida
• 555 River House

Products and services

• Adaptive Reuse Real Estate Development

Quantifiable outcome

• 58.2% increase in aggregate taxable values ($1,060,063,948) in one-mile radius around The Vagabond Hotel from 2012-2015
• +2 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Omni Community Redevelopment Agency (CRA)coreStrategic or Co-development Partner · 1 January 2018Public-private partnership with Omni CRA for the 16 Corner affordable housing project in Historic Overtown. The partnership involves renovation of five garden-style apartment buildings to provide quality affordable housing while maintaining neighborhood character.
• Mt. Zion Community Development Corporation (CDC)coreStrategic or Co-development Partner · 1 January 2018Community development partner in the 16 Corner public-private partnership with Omni CRA. Collaborates on affordable housing development in Historic Overtown neighborhood.
• Little River Box Co.minorImplementation/ SI/ Consulting PartnerDesign and construction partner for Container Bar at Casa Florida, Miami's first permanently permitted container bar. Little River Box Co. provided design services for the container structure.
• Touzet StudiominorImplementation/ SI/ Consulting PartnerArchitecture firm providing design services for 555 River House new development project. Renderings credit Touzet Studio for the design of this mixed-use riverfront project.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Regional players

• The Related Group: Miami's largest private real estate development firm, active across residential, mixed-use, and affordable housing. Directly comparable as a South Florida developer with broad portfolio scale, though far larger and less specialized in historic adaptive reuse.
• Wessman Development: South Florida developer with mixed-use, hospitality, and multifamily projects across the region. Comparable as a boutique Miami regional developer with overlapping project types though different specialization.
• Terranova Corporation: Miami-based real estate investment and development firm focused on commercial and mixed-use assets in South Florida. Comparable as a regional Miami developer with adjacent portfolio overlap on creative office and retail.
• NR Investments: South Florida-focused developer with ground-up mixed-use and luxury residential projects. Comparable as a Miami active developer though with new-construction rather than preservation orientation.

Direct peers

• L&L Holding Company: NYC office-focused developer specializing in adaptive reuse of landmark commercial buildings (e.g., former terminals into Class A office). Comparable in repositioning historic/industrial structures into premium creative office product.
• Monadnock Development: NYC affordable and mixed-income developer with a preservation-forward, neighborhood-revitalization mission. Comparable in combining historic preservation, affordable housing, and public-private partnerships at boutique scale.
• SomeraRoad: Boutique real estate investment and development firm with a preservation-led, repositioning focus across historic hospitality and mixed-use assets. Comparable in adaptive reuse thematic and boutique developer scale.
• The Hudson Companies: NYC developer combining market-rate and affordable housing with historic preservation. Comparable in mixed-income adaptive reuse and CRA-style public-private partnership structures.
• Two Trees Management: Pioneering adaptive reuse developer behind Domino Sugar Factory and Industry City in Brooklyn. Highly comparable as a firm that converts industrial and historic structures into mixed-use creative office, hospitality, and cultural destinations.
• Naftali Group: New York-based real estate developer with strong adaptive reuse and luxury residential focus. Comparable in boutique scale and repositioning-driven value-add strategy, though operating primarily in NYC rather than Miami.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-vagabond-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Vagabond Group LLC