{"id":1004800293,"date":"2026-05-28T03:54:34","date_gmt":"2026-05-28T11:54:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004800293"},"modified":"2026-05-28T03:56:32","modified_gmt":"2026-05-28T11:56:32","slug":"south-street-buys-miami-oceanfront-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/south-street-buys-miami-oceanfront-hotel\/","title":{"rendered":"South Street Buys Miami Oceanfront Hotel"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/South_Street_Partners-e1779960167256.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1140\" height=\"853\" data-attachment-id=\"1004800296\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/south-street-buys-miami-oceanfront-hotel\/south-street-partners\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/South_Street_Partners-e1779960167256.jpg\" data-orig-size=\"1140,853\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;South Street Partners&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Sol\\u00e9 Miami&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;South Street Partners&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"South Street Partners\" data-image-description=\"&lt;p&gt;Image attached with the press release from the buyer, available online&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Sol\u00e9 Miami initially debuted in 2007 and includes a mix of indoor and outdoor amenities, as well as a private beach. Image courtesy of South Street Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/South_Street_Partners-e1779960167256.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/South_Street_Partners-e1779960167256.jpg\" alt=\"Exterior shot of Sol\u00e9 Miami, an oceanfront hotel in Sunny Isles Beach, Fla.\" class=\"wp-image-1004800296\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/South_Street_Partners-e1779960167256.jpg 1140w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/South_Street_Partners-e1779960167256.jpg?resize=300,224 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/South_Street_Partners-e1779960167256.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/South_Street_Partners-e1779960167256.jpg?resize=1024,766 1024w\" sizes=\"auto, (max-width: 1140px) 100vw, 1140px\" \/><\/a><figcaption class=\"wp-element-caption\">Completed in 2007, Sol\u00e9 Miami features a mix of outdoor amenities that include a private beach.<em> Image courtesy of South Street Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>South Street Partners has acquired Sol\u00e9 Miami, a 249-key full-service condominium hotel\u00a0in Sunny Isles Beach, Fla. Mast Capital sold the property for a price ranging from $20 million to $25 million, <a href=\"https:\/\/therealdeal.com\/miami\/2026\/05\/27\/mast-capital-sells-sole-miami-hotel-to-south-street-partners\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">according to <em>The Real Deal<\/em><\/a>. A Berkadia team represented the seller, which had purchased the asset for $4.9 million in 2021.<\/p>\n\n\n\n<p>Noble House Resorts manages and operates the oceanfront hotel. The buyer plans to upgrade the property&#8217;s amenities and guestrooms.<\/p>\n\n\n\n<p>Sol\u00e9 Miami rises 24 stories at 17315 Collins Ave. within the 2-mile Sunny Isles Beach, a popular destination for tourists and locals. The building is minutes away from Newport Fishing Pier, the only public fishing pier in Miami-Dade County. Downtown Miami and the city\u2019s international airport are within 21 miles.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/top-projects-that-will-reshape-miami\/\">Top Projects That Will Reshape Miami<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Designed by Kobi Karp Architecture &amp; Interior Design and developed by Feeley Group, the hotel initially debuted in 2007 as Sol\u00e9 on the Ocean. Noble House Hotels &amp; Resort became its manager in 2017. The property was previously renovated in 2019, with upgrades aimed at guestrooms and public spaces.<\/p>\n\n\n\n<p>The building includes one- and two-bedroom units. Amenities feature four outdoor and five indoor meeting venues, a fitness center with sauna, four food and beverage outlets on-site, a market, a restaurant, an oceanfront swimming pool and its private beach with umbrellas and private services, among others.<\/p>\n\n\n\n<p>South Street Partners\u2019 purchase of Sol\u00e9 Miami builds upon its existing hospitality portfolio totaling 2,800 keys in high-growth Southeastern markets. Since its founding in 2009, the company has deployed over $1.7 billion of equity across resort, residential and commercial assets and has more than $3 billion in properties under management. <\/p>\n\n\n\n<p>Berkadia Senior Managing Director Christian Charre and Managing Director Paul Weimer negotiated on behalf of Mast Capital.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-miami-hospitality-sector-shows-resilience\">Miami hospitality sector shows resilience<\/h2>\n\n\n\n<p>Since the start of 2026, the country\u2019s hospitality sector returned to growth, according to <a href=\"https:\/\/www.cushmanwakefield.com\/en\/united-states\/insights\/us-marketbeats\/hospitality-marketbeat\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">a report from Cushman &amp; Wakefield<\/a>. Transaction activity rebounded sharply as hotel sales volume reached $9.4 billion at the end of the first quarter, marking a 64 percent increase over the past 12 months.<\/p>\n\n\n\n<p>Miami&#8217;s hotels had a 83.6 percent occupancy rate in the first three months of the year, up 1.1 percent from the same period of 2025. The market&#8217;s hospitality sector remains resilient, currently capitalizing on major events, including local ones such as Miami Open and Calle Ocho, as well as the upcoming 2026 FIFA World Cup. <\/p>\n\n\n\n<p>Elsewhere in the U.S., another host city of the FIFA World Cup witnessed <a href=\"https:\/\/www.commercialsearch.com\/news\/portman-acquires-atlanta-landmark-hotel\/\">the sale of a 1,073-key full-service hotel<\/a>. Portman\u00a0purchased The Westin Peachtree Plaza in downtown Atlanta from\u00a0Marriott International. The property once was the world&#8217;s tallest hospitality tower.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Noble House Resorts manages the property.<\/p>\n","protected":false},"author":2991,"featured_media":1004800296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21783,1492,21742,32781],"tags":[32894,36787,37222],"class_list":["post-1004800293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-investment","category-miami","category-latest","category-southeast","tag-berkadia","tag-mast-capital","tag-south-street-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Street Buys Miami Oceanfront Hotel - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"South Street Partners has acquired Sol\u00e9 Miami, a 249-key full-service condominium hotel\u00a0in Sunny Isles Beach, Fla., from Mast Capital.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/south-street-buys-miami-oceanfront-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Street Buys Miami Oceanfront Hotel\" \/>\n<meta property=\"og:description\" content=\"South Street Partners has acquired Sol\u00e9 Miami, a 249-key full-service condominium hotel\u00a0in Sunny Isles Beach, Fla., from Mast Capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/south-street-buys-miami-oceanfront-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-28T11:54:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-28T11:56:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/South_Street_Partners-e1779960167256.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1140\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/south-street-buys-miami-oceanfront-hotel\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/south-street-buys-miami-oceanfront-hotel\/\",\"name\":\"South Street Buys Miami Oceanfront Hotel - 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