The Kastrati Group acquires SLS Brickell hotel in Miami
The Kastrati Group has acquired the SLS Brickell, a 124-room luxury and lifestyle hotel located in Miami’s Brickell submarket.
The Kastrati Group acquired the hotel for $53.5 million and was represented by Jordan Karp and Disruptive Real Estate. The sale did not include the restaurant space formerly known as Bazaar Mar by Jose Andres, as JLL had sold it in a separate transaction to Black Lion Investment Group in Q1 of 2023. JLL’s Hotels & Hospitality group arranged the sale on behalf of Constellation Hotels Holdings.
The SLS Brickell was developed by the Related Group, designed by Philippe Starck and Arquitectonica. The hotel opened in 2016 and is located within the SLS Tower, one of Brickell’s most successful mixed-use projects. Amenities include nearly 58,000 square feet of indoor and outdoor event space, an upscale three-meal restaurant, three bars and lounges and an expansive rooftop pool and spa.