Henley acquires its fourth and largest hotel in partnership with Life House

Henley Investments has acquired its fourth boutique hotel in Miami in partnership with Life House, a venture-backed, technology-enabled hotel management company.

It is the largest U.S. hotel acquisition to date by Henley, with a total project capitalization in excess of $40 million.

The deal signals Life House’s expansion into managing bigger hotels where its proprietary approach to hotel operations will continue to add significant value to both the underlying real estate and the hotel guest experience.

“We are very pleased with Life House's performance over the past 12 months to 16 months throughout our existing Miami portfolio, whereby their advanced platform has enabled extremely efficient and profitable hotel operations,” said Ian Rickwood, CEO of Henley. “We are actively seeking opportunities to acquire additional hotels in partnership with Life House across the US, and feel that with Life House, we are the best buyer of hotels with less than 125 rooms.”

Life House will initially operate the hotel leveraging its white-label platform, maintaining the property's historic branding as the Lord Balfour Hotel, before executing a comprehensive renovation that will see the hotel rebranded as Life House Ocean Drive alongside timeless updates to all rooms, suites and public spaces, as well as the build-out of a well-equipped fitness center and yoga studio. Life House Ocean Drive will join Henley's current line of lifestyle hotels in Miami, including 33-room Life House Little Havana on Ninth Avenue, 26-room Life House South Beach on Collins Avenue and 50-room Life House Mid Beach on Park Ave