South Florida’s hotel market in 2025 saw its largest deals focused on high-value waterfront and resort properties, with total sales for the top ten transactions exceeding $960 million. This figure marks a significant decline from the previous year, when the top ten deals reached $1.5 billion.
The most expensive transaction was the $205 million purchase of Silver Sands Beach Resort in Key Biscayne by Terra and Fortune International Group. The joint venture plans to redevelop the 50-room property into a 14-story condominium with 56 units, setting a record price for development sites in Key Biscayne at $52.6 million per acre.
The second-largest deal involved Nahla Capital acquiring a historic Art Deco hotel at 1775 Collins Avenue for $204.1 million after developer Michael Shvo could not match their bid. Shvo had previously gutted the buildings and secured approval for a new luxury condo tower, but progress stalled. The sale price equated to $68 million per acre.
Another notable transaction included Henderson Park, Salamander Collection, and South Street Partners purchasing PGA National Resort in Palm Beach Gardens for $171.4 million as part of a larger deal exceeding $400 million. The resort features golf courses designed by well-known figures such as Jack Nicklaus and Arnold Palmer.
Blackstone acquired EAST Miami hotel at Brickell City Centre for $147.8 million from Trinity Investments and Certares, representing a decrease from its last sale price in 2021.
Süzer Group from Istanbul bought a majority stake in MOXY Miami Wynwood for $99 million while DolphinBay Hospitality retained a minority share in the property completed last year.
French hotelier Philippe Le Guennec returned to Miami Beach with his purchase of Kimpton Angler’s Hotel for $43.5 million, adding to his portfolio that includes several Paris hotels.
Other significant sales included T2 Hospitality’s acquisition of Plunge Beach Resort for $36.6 million; Fairwind Hotel Miami selling at a discount compared to its previous sale; AIDS Healthcare Foundation buying Stadium Hotel with plans likely focused on affordable housing conversion; and Ratia Real Estate Development purchasing Doral Inn & Suites Miami Airport West for $23 million.
These transactions reflect continued investor interest in South Florida’s hospitality sector despite higher financing costs and an overall drop in total sales volume compared to last year.
