Conrad Miami Hotel Sells for $72 Million
The sale of the 203-room Brickell Avenue hotel comes with a rental program for an additional 41 condo units.
July 14, 2017 at 02:00 PM
4 minute read
A group pocketed the Conrad Miami, a 203-room hotel inside the iconic Brickell Arch Tower on Miami's Brickell Avenue.
A joint venture between Miami-based Mast Capital, an investment and development firm, and Angelo, Gordon & Co., a private investment adviser headquartered in New York, acquired the hotel component of the high-rise tower for $72 million.
Formerly known as the Espirito Santo Plaza, the teal glass building with a striking deep arch at its center is composed of offices, hotel rooms and residential units.
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