Blackstone Lands $205M for Miami Hotel

July 14, 2026

Finance Hotel Miami News More Southeast

The property serves as the hospitality anchor of a 5 million-square-foot complex.

Blackstone has secured $205 million to finance EAST Miami, a 352-key full-service hotel in Miami’s Brickell neighborhood, as first reported by Commercial Observer. JPMorgan Chase provided the note.

Aerial view of Brickell City Centre, a mixed-use community in downtown Miami. — East Miami opened in 2016 as the first U.S. hotel by Swire Properties. The building is part of the company’s Brickell City Centre, a landmark mixed-use urban neighborhood. *Image courtesy of Swire Properties*

This is the first loan backing the property since Blackstone purchased it in 2025, according to the same source. Trinity Investments and Certares Real Estate Management sold the asset for $300 million.

The 39-story tower rises at 788 Brickell Plaza, in the city’s downtown area. The hotel came online in 2016 as part of the first phase of Brickell City Centre, a $1.1 billion, 5 million-square-foot complex with mixed-use design developed by Hong Kong-based Swire Properties.

Designed by Arquitectonica, EAST Miami includes 255 rooms, 89 residences and eight suites with floor-to-ceiling windows and private balconies. Amenities feature a rooftop bar dubbed Sugar, a swimming pool with a bar and lounge spaces, a signature restaurant, a fitness center, wellness facilities, a tearoom and the Domain, a part café, part coworking space at the property’s lobby-level. Additionally, the 536,070-square-foot building includes multiple conference rooms and meeting venues.

Blackstone’s U.S. hospitality portfolio, managed by BRE Hotels & Resorts, comprises more than 100 luxury hotels. One of them is W Fort Lauderdale, for which the firm obtained $115 million in financing last month. JPMorgan Chase provided that note as well.

Miami’s strong hospitality fundamentals support investments

Miami’s hospitality sector continues to benefit from record tourism activity, as Greater Miami and Miami Beach welcomed 28.3 million visitors last year. This generated $32.2 billion in total local economic impact, according to Greater Miami Convention & Visitors Bureau data.

The strong momentum continued in 2026, the Magic City starting the year as the top hospitality destination in the U.S. Through the first four months of 2026, Miami topped the charts for occupancy, average daily room rates and revenue per available room, highlighting sustained tourist demand and healthy market fundamentals.

Recent investment in the metro include South Street Partners’ acquisition of Solé Miami, a full-service condominium hotel in Sunny Isles Beach, Fla. Mast Capital sold the asset after five years of ownership.

In May, a partnership between The Artifact Group and Rok Acquisitions purchased the Sheraton Suites Fort Lauderdale West, a 265-key, all-suite hotel in Plantation, Fla. The new ownership is investing $10 million to improve the property.