Skip to content
Harborby Signalry
0

Southeast · gateway

Miami / South Beach

Lifestyle and beachfront keys trade on story as much as T12. Seasonality and condo-hotel structures are the first diligence questions. Hersha’s 2017 Ritz-Carlton Coconut Grove $36.0 million / 115 tape is a named Coconut Grove buy — not Host’s 2022 YVE $50 million downtown tape, not Pebblebrook’s 2023 Colonnade Coral Gables $63.0 million / 157 tape, and not Sunstone’s 2022 Confidante Miami Beach $232.0 million / 339 tape. Host’s YVE is not a South Beach luxury PPK, and Pebblebrook’s Colonnade is not either. Sunstone’s Confidante is a named Miami Beach Confidante — not that downtown YVE and not Pebblebrook’s 2021 Margaritaville Hollywood Beach Resort $270 million / 369 ground-lease tape. That Hollywood ground-lease PPK lives on its own market. Apple’s 2015 Hampton Inn Fort Lauderdale $23.0 million / 156 tape lives on its own market — that Hampton is not a South Beach palace.

Hotels
8
Graph events
9
Cited prices
7
Desks
5

Hotels

Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.

Miami / South Beach · Upscale

YVE Hotel Miami

242 keys · Miami · YVE (independent)

Downtown Biscayne house. Host bought it as the b2 miami downtown hotel in August 2014 for $57.5 million (Host IR). Host sold YVE in April 2022 for $50 million (Q1 2022 10-Q; day unnamed). Keys (242) from Host’s 2014 IR — the sale 10-Q does not restate keys. Use the $50 million sale price, not the $1 million FF&E Host retained. Buyer unnamed. Not a South Beach luxury tape and not Sunstone’s 2022 Confidante Miami Beach $232.0 million / 339 tape.

EstimateDesk estimatePropertyTape folioMarket folio

Miami / South Beach · Upper upscale

The Confidante Miami Beach

339 keys · Miami Beach · Unbound Collection

Miami Beach Confidante. Sunstone bought the fee-simple 339-key house in June 2022 for a $232.0 million contractual purchase price (Q2 2022 10-Q). Seller unnamed. Harbor uses the first of June rather than inventing a closing day. Use that contractual hotel price, not the $60 million renovation, not the $140.0 million credit-facility draw, and not the $0.5 million in-place allocation. Later Andaz Miami Beach is a rebrand, not a second tape. Not Host’s 2022 YVE $50 million downtown tape, not Pebblebrook’s 2023 Colonnade Coral Gables $63 million tape, and not Pebblebrook’s 2021 Margaritaville Hollywood Beach $270 million / 369 tape — that PPK is not a fee deed. The Hilton San Diego Bayfront 25% interest stays off.

EstimateDesk estimatePropertyTape folioMarket folio

Miami / South Beach · Luxury

Ritz-Carlton Coconut Grove

115 keys · Coconut Grove · Ritz-Carlton

Coconut Grove Ritz-Carlton. Hersha bought the 115-key house on February 1, 2017 for $36.0 million (February 22, 2017 Exhibit 99.1). Seller unnamed. Filing names Coconut Grove — Harbor will not invent a South Beach lock. Not Host’s 2022 YVE $50 million downtown tape, not Pebblebrook’s 2023 Colonnade Coral Gables $63.0 million / 157 tape, and not Sunstone’s 2022 Confidante Miami Beach $232.0 million / 339 tape.

EstimateDesk estimatePropertyTape folioMarket folio

Desks covering this market

Public coverage lists, not a claimed book. Open a desk for the graph timeline.

Public tape · 1 events

Transactions

Cited prices stay cited. Unknown stays unknown. Linked houses open the estimate worksheet.

Morning blotterCompare tapes

All years202320222019201720142005
Public filingFeb 1, 2017

Ritz-Carlton Coconut Grove — Hersha acquisition

Ritz-Carlton Coconut Grove · 115 keys · Luxury

Consideration

$36.0M

$313k / key

Hersha Exhibit 99.1 subsequent events: $36.0 million for the 115-room Ritz-Carlton in Coconut Grove, FL. Coconut Grove Ritz-Carlton — not a South Beach palace PPK.

Hersha Hospitality Trust Exhibit 99.1, February 22, 2017 (February 1, 2017 close)

Hersha acquired the 115-room Ritz-Carlton in Coconut Grove, FL on February 1, 2017 for $36.0 million. Harbor PPK is $36.0 million ÷ 115. Hersha rounded the same math to $313,000 per key. The same subsequent-events paragraph names the completed buy, the 115 rooms, and that hotel price. Seller unnamed. Filing names Coconut Grove — Harbor will not invent a South Beach lock. Hersha’s January 2017 Courtyard Alexandria plus Residence Inn Greenbelt $62.0 million line stays combined. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hyatt Place King of Prussia stays off until one paper names month, a hotel price, and keys together. Hersha’s November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 million line stays combined. Hersha’s June 8, 2017 three Hyatt House $130.5 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Pan Pacific Seattle stays off until a filing names a hotel price and keys together. Not Host’s 2022 YVE $50 million downtown tape, not Pebblebrook’s 2023 Colonnade Coral Gables $63.0 million / 157 tape, not Sunstone’s 2022 Confidante Miami Beach $232.0 million / 339 tape, and not Hersha’s 2016 Ambrose Hotel $47.5 million / 77 tape. Older than the 2025–26 blotter cut.

Open the tape →FramePacketEstimateMiami / South BeachCompare