South Street Partners acquired Solé Miami, located in Sunny Isles Beach, Florida. Mast Capital was the seller. Berkadia’s Christian Charre and Paul Weimer negotiated on behalf of Mast Capital. Mast acquired the hotel for $4.9 million in 2021.
The Property is a 24-story, 249-key full-service condominium hotel with ocean and city views, managed and operated by Noble House Resorts. It features five indoor and four outdoor meeting venues, four on-site Food and Beverage outlets, a market, a fitness center with steam room and sauna, an oceanfront pool and beach with umbrellas, private beach service and dune and beach dining.
South Street will focus on elevating the Resort offerings, with plans for guest room and common area upgrades, followed by additional improvements.
South Street Partners is an operator of private residential club and resort communities in the United States – including Kiawah Island, Palmetto Bluff, The Cliffs, and Barnsley Resort, among others.
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