The asset involved in the transaction is a hotel located at 788 Brickell Plaza in East Miami, within the Miami market. This hotel, known as the East hotel, features 352 keys, emphasizing its capacity in hosting guests, while the specifics regarding the sale price were not disclosed. Previously, Trinity Real Estate Investments and Certares Real Estate Management acquired the hotel for $174 million four years prior to this transaction.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not Disclosed
• Address: 788 Brickell Plaza - EAST Miami
• Market: Miami
• Asset Keys: 352
• Buyer: Stephen A. Schwarzman, Jonathan Gray & Scott Treblico - Blackstone
• Seller: Sean Hehir - Trinity Real Estate Investments; Greg O’Hara & Nolan Hecht - Certares Real Estate Management

The transaction marks a strategic expansion of Blackstone’s hotel portfolio in South Florida, indicating their continued investment focus in the rapidly growing Brickell area. The deal involves key representatives in the industry, with Sean Hehir representing the seller Trinity Real Estate Investments, and Greg O’Hara & Nolan Hecht representing Certares Real Estate Management.