Blackstone buys 352-key East Miami hotel at Brickell City Centre
Blackstone bought the 352-key East Miami hotel at Brickell City Centre. Funds affiliated with New York-based Blackstone bought the 40-story hotel at 788 Brickell Plaza in Miami from funds managed by Honolulu, Hawaii-based Trinity Investments and New York-based Certares, according to the sellers’ news release. The price wasn’t disclosed. East Miami is home to rooftop venue Sugar and also has 89 serviced apartments. The sale marks the second time the hotel has traded in the past four years. In 2021, Trinity and Certares bought East Miami for $174 million from the developer, Swire Properties. Deeds recorded for that sale show […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
The Weekly Dirt: What you need to know about South Florida real estate right now
Palm Beach approves OKO, Cain’s condo project after months of back-and-forth
Outpost expands into Miami-Dade with $52M industrial buy
Steve Ross proposes $290M West Palm convention center hotel, his second in the city
Vlad Doronin’s OKO, Blavatnik’s Access seek approval to tweak Aman Miami Beach
Keystone scores $62M loan for office-to-resi conversion project near Dadeland Mall
“Don’t kill the market”: Developers keep building apartments in South Florida, despite supply overhang
Florida Auto Rates Dip Amid Market Stability
RE Q&A: Can I Sue Over Sprinkler Damage?
Simple Google Fixes That Can Boost Leads
