Blackstone Buys East Hotel in Miami’s Brickell
By Julia Echikson September 10, 2025 11:31 am
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Four years after buying Miami’s East hotel for $174 million, Trinity Real Estate Investments and Certares Real Estate Management have sold the property to Blackstone.
The 352-room property sits within the Brickell City Centre mixed-use complex at 788 Brickell Plaza, which Swire Properties completed in 2016. The 39-story building includes a rooftop bar.
The sellers and Blackstone declined to provide the sale price.
“The Brickell neighborhood is experiencing a rapid transformation with strong employment and population growth, as well as exciting leisure attractions and entertainment events, creating a compelling backdrop for the property,” Scott Trebilco, senior managing director at Blackstone Real Estate, said in a statement.
The purchase adds to Blackstone’s South Florida hotel portfolio. Last year, the private equity giant purchased the oceanfront W hotel in Fort Lauderdale. This year, its debt arm also provided $300 million to refinance the Ritz-Carlton resort on Miami’s Key Biscayne.
Trinity Real Estate Investments remains a major player in South Florida hospitality. In 2023, it purchased the oceanfront Diplomat Beach Resort in Hollywood for $835 million. The East hotel transaction also marks the first fully realized asset by Trinity GP Fund I, for which the firm raised $520 million in 2021.
A new hotel could be coming around the corner of the East hotel, too. Last month, Swire Properties sold a vacant site that abuts Brickell City Centre to Kerzner International, which founded Dubai’s Atlantis luxury resort chain, for $45 million.
Julia Echikson can be reached at jechikson@commercialobserver.com.
