Host Hotels & Resorts has acquired the fee-simple interest in the 429-room 1 Hotel South Beach in Miami Beach, Fla., from Starwood Capital for approximately $610 million.
This iconic and irreplaceable luxury resort reopened in 2015 following a transformational $300 million repositioning renovation and is rated in the top-10 U.S. hotels by Conde Nast Traveler and recently rated the #1 hotel in Miami Beach by TripAdvisor.
The 1.1 million-square-foot, LEED-certified resort has a premium location in the vibrant South Beach area of Miami Beach and more than 600 linear feet of ocean frontage with direct beach access. The resort is the centerpiece of a mixed-use complex that features an additional 155 luxury branded 1 Homes condominium units; all owners of these units may participate in a rental program through the resort.
1 Hotel South Beach features 160,000 square feet of dynamic and flexible meeting space, eight food and beverage outlets, spa, gym, four
