Hotel Sales Heat Up the Sunshine State

NATIONAL REPORT—Hotels are changing hands in sunny Florida. Here’s a look at recent hotel sales:

Shelborne South Beach Hotel Acquired for $120M

A joint venture between King Street Real Estate GP LLC, Westdale Properties and Cedar Capital Partners has acquired the Shelborne South Beach Hotel, a 1940s Art Deco hotel with views of the Atlantic Ocean in Miami Beach, FL, for $120 million. The property will continue to be managed and operated by Menin Hospitality.

In conjunction with the sale, the property has unveiled an extensive renovation of the hotel’s public spaces, guestrooms and Grand El Dorado Ballroom, as well as a refresh of The Drawing Room Bar & Lounge. In partnership with K’Alma Spas, the hotel will also relaunch its GuyAndGirl Spa in the coming weeks.

The $500,000 renovation of Shelborne’s 4,388-sq.-ft. Grand El Dorado Ballroom incorporates Art Deco details with a modern touch throughout, complemented by the stories, glamour and iconic culture of the 1950s. With these renovations, the ballroom now accommodates up to 360 guests and maximizes space for diverse group events, weddings and meetings.

Additionally, Shelborne South Beach has transformed its 1940s hotel lobby bar and lounge, The Drawing Room, with new decor and furnishings, along with a new menu by Chef Andrea Rainis and a newly debuted curated cocktail menu by Bar Culture’s renowned mixologist, Christopher Hudnall.

InSite Group Acquires Orlando Holiday Inn & Suites

South Florida-based InSite Group has purchased the Holiday Inn & Suites Across from Universal Orlando.

Situated on 7.3 acres between Interstate 4 and Universal Orlando Resort attractions, the hotel has 390 guestrooms including 134 suites, along with more than 10,000 sq. ft. of meeting and event space. The hotel will be managed by Performance Hospitality, a lifestyle hospitality management company.

Originally built in 1971 and further expanded in 1998, the property is within walking distance to Universal theme parks and within close driving proximity to Orange County Convention Center. The hotel is 10.5 miles to Walt Disney World Resort and 16.5 miles from Orlando International Airport.

The pet-friendly property also includes an on-site TGI Friday’s restaurant and bar, heated outdoor pool and splash zone for children, 24-hour fitness center, complimentary shuttle service to nearby theme parks as well as Bonus Benefits as a Universal partner hotel.

The hotel is scheduled to undergo strategic property upgrades with a variety of operational improvements to further enhance the guest experience.

Meyer Jabara Acquires Residence Inn by Marriott Amelia Island

Meyer Jabara Hotels (MJH) has acquired the Residence Inn by Marriott Amelia Island in Fernandina Beach, FL.

Operating under MJH leadership since it opened in 2009, the 133-room, all-suite hotel is a top Marriott brand performer and a favorite among travelers with a 97% guest satisfaction ranking, according to the company.