Sixth Street has acquired the Pier House Resort & Spa, a 142-room, luxury oceanfront resort in Key West, Fla., for $190 million from Braemar Hotels & Resorts. Sixth Street completed the transaction in partnership with Riller Capital.
Situated on five acres at 1 Duval St., Pier House is ideally located on the waterfront at the gateway to Key West’s world-famous Duval Street, giving guests access to both the natural beauty of the Gulf and the energy of Key West’s main thoroughfare. The resort features a comprehensive suite of amenities, including two oceanfront dining venues, a full-service spa, fitness center, oceanfront pool, 75 linear feet of private beach frontage and approximately 3,000 square feet of meeting and event space.
“We believe Pier House represents an opportunity to acquire a historic luxury resort in one of the country’s most supply-constrained and sought-after tropical leisure markets,” said Aman Gupta, principal at Sixth Street. “Wi
