Kolter Hospitality and BH Group have acquired the Crystal Beach Suites Miami Oceanfront Hotel in Miami Beach. The 84-room hotel was acquired by the joint venture from Crystal Beach Inc. and Crystal Beach Development Corp.
“Our company is in a long-term growth mode, and we are constantly looking for thoughtful acquisitions to grow our portfolio,” said Scott Webb, president, Kolter Hospitality. “The hotel has a dedicated team which will join our family of employees.”
The oceanfront property is located on Collins Avenue, near Bal Harbor and just north of South Beach. It features 84 suites that offer private bedrooms with a fully equipped kitchen, a living area with a pull-out sofa bed and two large TVs in each room. The hotel is located on the ocean and is near many of the desired shops and restaurants of Miami Beach.
“We are very excited to be a part of this transformative hotel project and we look forward to progressing with our esteemed partner, Kolter Hospitality,” said Isaac Toledano, CEO, BH Group.