Brickell Ave. Hotel Trades For $72 Million

Jul 16, 2017 No Comments by

CBRE Hotels arranged the sale of the iconic Conrad Miami for $72 million to Miami-based Mast Capital.

The 203-room luxury hotel is ideally situated on the most prestigious street of Miami’s financial district, at 1335 Brickell Ave. in Miami.

CBRE Hotels’ Christian Charre, Paul Weimer, and Natalie Castillo, represented the seller, Holborn, LC, in the transaction.

 

“Conrad Miami is an irreplaceable asset and an incredible investment,” said Christian Charre, senior vice president at CBRE Hotels. “Brickell is Miami’s fastest-growing and most densely populated neighborhood. The availability of a luxury hotel in this area is rare.”

 

“Miami is a primary destination market the United States and is poised to continue growing in strides and the Conrad will benefit from this growth” added Paul Weimer, vice president at CBRE Hotels.

CBRE Hotels is a specialized advisory group within CBRE providing advisory, asset management, capital markets, investment sales, research and valuation services to companies in the hotel sector.

 

 

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