South Street Partners, a private equity real estate firm headquartered in Charlotte, North Carolina, and Charleston, South Carolina, has acquired a 249 - key condominium hotel in Sunny Isles Beach, a premier barrier island city located in northeast Miami - Dade County, halfway between Miami and Fort Lauderdale in the U.S. state of Florida, a destination well known for its 3.2 kilometres of pristine white - sand shoreline, luxury high - rise oceanfront resorts, and world - class dining.
Sunny Isles Beach is a vibrant destination, highlighted by Newport Fishing Pier, a central spot for angling ad scenic ocean views, Haulover Park, offering a world - renowned sandbar ideal for boating, a dedicated kite - flying area, and one of Florida’s most popular official nude beaches on its northern edge, and a short drive away of the historic Spanish Monastery, featuring lush, medieval gardens and architecture.
Solé Miami, a full - service condominium entered in the South Street Partners portfolio and is managed by Noble House Hotels & Resorts, a hospitality company based in Kirkland, Washington, with a legacy spanning over four decades, managing hotels and properties across North America, boasting a curated - driven experience of one - of - a - kind hotels, resorts and adventures with an emphasis on location, distinction and soul.
This hip boutique horel is located at 17315 Collins Avenue on the north end of Miami Beach in an area known for high - rise condominiums, dining venues, and Newport Fishing Pier, 5.7 kilometres from the upscale Bal Harbour Shops and 9.6 km from the Museum of Contemporary Art North Miami.
The property providing direct beach access features both ocean and city views, offers 249 comfortable rooms, four on - site food and beverage outlets, a fitness centre with steam room and sauna, an oceanfront pool, beach amenities, including umbrellas, private beach service, and dune and beach dining, five indoor and four outdoor meeting venues.
South Street Partners plans to upgrade guest rooms and common areas, followed by additional improvements to the property. The hotel will be added to the company’s hospitality asset portfolio in Southeastern markets.
No transaction value, financial terms, or timeline for the planned upgrades were disclosed. The announcement did not specifiy any changes to the current management arrangement with Noble House Resorts.
Links
https://www.solemiami.com/?utm_source=gmb-resort&utm_medium=organic&utm_campaign=gmb
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