MCR has acquired the Hilton Miami Airport Blue Lagoon, a 14-story hotel with 508 rooms in Miami. With a prime waterfront setting within the Blue Lagoon business park, the hotel is located just south of Miami International Airport. This is the company’s second hotel in the Miami airport submarket following the acquisition of the Hyatt Place Miami Airport East last December and its 10th hotel in Florida.
Hotel amenities include an outdoor pool and hot tub, tennis and basketball courts, bike and car rentals, a fitness center, Herb N’ Kitchen market and three F&B venues. The property also features 32,000 sq. ft. of meeting space, including a 9,600-sq.-ft. ballroom, 16 breakout rooms and indoor and outdoor social event-focused space with views of Blue Lagoon. Last year, the 26th-annual International African-American Hotel Ownership & Investment Summit & Trade Show was held at the hotel.
The Blue Lagoon business park has more than 4 million sq. ft. of office space and serves as the headquarters for companies such as Burger King and Lennar, and serves as the Latin American headquarters for Sony, Airbus, Novartis, Hasbro, Estée Lauder and Olympus. The hotel is also located near several major sports venues, including Hard Rock Stadium, LoanDepot Park and American Airlines Arena.