South Florida’s hotel market in 2025 saw its largest deals focused on waterfront and resort properties, with three sales exceeding $100 million each. The top 10 hotel transactions of the year reached a combined value of over $960 million, reflecting a decrease from the previous year’s total of $1.5 billion for the top 10 sales.
The most expensive deal was the purchase of Silver Sands Beach Resort at 301 Ocean Drive in Key Biscayne by Terra, led by David Martin, and Fortune International Group, headed by Edgardo DeFortuna. The joint venture paid $205 million for the oceanfront property in April, setting a record price for a development site in Key Biscayne. The buyers plan to redevelop the existing 50-room hotel into a 14-story condominium with 56 units. Axis Development Corporation sold the 3.9-acre property at approximately $52.6 million per acre.
The second-largest transaction involved private equity firm Nahla Capital, led by Genghis Hadi, 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 obtained approval for a new luxury condo tower but did not complete the project. This sale amounted to $68 million per acre.
Another significant deal occurred in January when Henderson Park, Salamander Collection, and South Street Partners bought PGA National Resort in Palm Beach Gardens for $171.4 million from Brookfield. The resort includes golf courses designed by well-known figures such as Jack Nicklaus and Arnold Palmer.
Blackstone purchased EAST Miami hotel at Brickell City Centre for $147.8 million from Trinity Investments and Certares in September. The sale price was $26 million less than what it fetched in 2021.
Süzer Group acquired a majority stake in MOXY Miami Wynwood for $99 million from DolphinBay Hospitality, which retained a minority share of the property completed last year.
Philippe Le Guennec returned to Miami Beach with his acquisition of Kimpton Angler’s Hotel for $43.5 million from KHP Capital Partners this month.
T2 Hospitality bought Plunge Beach Resort for $36.6 million in July from sellers Oleksandr Naumyk and Liubov Tereshko.
A joint venture between Tony Di Piazza and Private Exchange Group acquired Fairwind Hotel Miami at a discounted price of $31 million compared to its previous sale four years ago.
AIDS Healthcare Foundation purchased Stadium Hotel in Miami Gardens for $24 million with plans likely aimed at converting it into affordable housing for low-income residents living with HIV.
Ratia Real Estate Development bought Doral Inn & Suites Miami Airport West for $23 million from Qua Integral Services Real Estate.
