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In Brief: South Street Partners has acquired Solé Miami, a 249-key condominium hotel located in Sunny Isles Beach, Florida.
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Solé Miami Hotel – Image Credit South Street Partners
South Street Partners has acquired Solé Miami, a full-service condominium hotel in Sunny Isles Beach, Florida. The 249-room property is managed and operated by Noble House Resorts and is located in an area known for high-rise condominiums, dining venues, and the Newport Fishing Pier.
Solé Miami offers five indoor and four outdoor meeting venues, four on-site food and beverage outlets, a market, a fitness center with steam room and sauna, an oceanfront pool, and beach amenities including umbrellas, private beach service, and dune and beach dining. The property provides direct beach access and features both ocean and city views.
South Street Partners plans to upgrade guest rooms and common areas, followed by additional improvements to the property. Solé Miami 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 specify any changes to the current management arrangement with Noble House Resorts.
