Mast Capital sells Sunny Isles hotel to South Street for $20M-plus
The resort portion of an oceanfront condo-hotel in Sunny Isles Beach is under new ownership after Mast Capital sold it to a real estate private equity firm. Miami-based Mast Capital, led by CEO Camilo Miguel Jr., sold the 249-key Solé Miami, a Noble House Resort, to South Street Partners for between $20 million and $25 million, according to a source familiar with the deal. That breaks down to a price per key of $80,300 to $100,400. The 24-story hotel at 17315 Collins Avenue last sold for nearly $4.9 million in 2021, records show. That reflects a gain of 308 percent […]This article originally appeared on The Real Deal. Click here to read the full story.
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