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.
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