Sunstone Hotel Investors Acquires Hyatt Hotel In Miami Beach For $232M

The hotel located at 4401 Collins Avenue in Miami Beach is currently under contract for sale. The property, owned by Hyatt Hotels Corporation, is being sold to Sunstone Hotel Investors. The transaction was facilitated by Bryan Giglia and Douglas Pasquale, representatives of Sunstone Hotel Investors. The sale price for the hotel is $232,000,000. The hotel consists of 339 keys, with a sales price per key of $684,366.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $232,000,000
• Address: 4401 Collins Avenue, Miami Beach
• Market: Miami Beach
• Buyer: Sunstone Hotel Investors - Bryan Giglia & Douglas Pasquale
• Seller: Hyatt Hotels Corporation
• Keys: 339
• Price per Key: $684,366

The deal highlights the partnership between Sunstone Hotel Investors and their representatives, Bryan Giglia and Douglas Pasquale. This transaction further solidifies Sunstone Hotel Investors' presence in the Miami Beach market.