Camilo Miguel Jr. And Charles Koch Purchase Islands Of Islamorada Resort For $38.4 Million

82779 Old Highway

$38,400,000

Building Size

—

Asset Type

Hotel

Closing

Jul 24, 2026

AI

The transaction involved the acquisition of a hotel asset located at 82779 Old Highway in Islamorada, FL. The property comprises 30 keys and is known as the Islands of Islamorada Resort. The sale price for the hotel was $38,400,000, with a per key price of $1,280,000.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $38,400,000
Buyer: Camilo Miguel Jr. - Mast Capital
Buyer: Charles Koch - Koch Real Estate Investments
Seller: Robert N. Frisbie - Frisbie Group
Broker: Ocean Sotheby’s International Realty
Lender: Ardent Real Estate
Mortgage Broker: Scott Wadler - Berkadia
Keys: 30
PPK: $1,280,000

Mast Capital and Koch Real Estate Investments plan to relaunch sales of the resort's 22 waterfront villas, which start at $3.8 million. Berkadia arranged $40 million in acquisition financing from Ardent Real Estate to facilitate this transaction.

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