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EI-American RE Sells The Conrad Miami Hotel on Brickell

JV Pays $72M for 203-Room Hospitality Bldg
August 8, 2017
Mast Capital and Angelo Gordon & Co. acquired The Conrad Miami hotel at 1395 Brickell Ave. in Miami, FL for $72 million, or about $355,000 per room, from EI-American Real Estate, Inc.

The 36-story, 203-room hotel was built in 2003 in the Brickell submarket. It totals 212,503 square feet located in the base of Brickell Arch Tower.

Paul Weimer, Christian Charre and Natalie Castillo of CBRE represented the seller. The buyer handled the sale in-house, while Mast Capital was advised in the deal by attorneys at Greenberg Traurig.

Please refer to CoStar COMPS #3952322 for more information on this transaction.
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