South Florida’s hotel market in 2025 saw its largest transactions led by three deals exceeding $200 million, focusing on waterfront and resort properties. Investors showed continued interest in luxury leisure and Miami’s urban hospitality sector, despite higher financing costs. The total value of the top ten hotel sales reached over $960 million, a notable decrease from the previous year’s $1.5 billion.
The most expensive deal involved Terra, led by David Martin, and Fortune International Group, headed by Edgardo DeFortuna. The two firms acquired the Silver Sands Beach Resort at 301 Ocean Drive in Key Biscayne for $205 million. This transaction set a record for development site prices in Key Biscayne. The developers plan to replace the existing 50-room hotel with a 14-story condominium featuring 56 units.
The second-largest sale was the historic Art Deco hotel at 1775 Collins Avenue. Developer Michael Shvo lost control of the property after failing to match Nahla Capital’s winning bid of $204.1 million. Shvo had previously gutted the buildings and secured approval for a new condo tower but did not complete redevelopment.
A significant transaction also took place in Palm Beach Gardens as Henderson Park, Salamander Collection, and South Street Partners purchased PGA National Resort for $171.4 million from Brookfield. The resort includes golf courses designed by several renowned golfers.
Blackstone acquired EAST Miami hotel at Brickell City Centre for $147.8 million from Trinity Investments and Certares, marking a price drop compared to its last sale in 2021.
In January, Istanbul-based Süzer Group obtained a majority stake in MOXY Miami Wynwood for $99 million while DolphinBay Hospitality retained a minority share.
French hotelier Philippe Le Guennec returned to Miami Beach with his purchase of Kimpton Angler’s Hotel for $43.5 million from KHP Capital Partners.
T2 Hospitality bought Plunge Beach Resort for $36.6 million in July from sellers Oleksandr Naumyk and Liubov Tereshko.
An Art Deco property, Fairwind Hotel Miami at 1000 Collins Avenue, sold at a reduced price of $31 million to Tony Di Piazza and Private Exchange Group—26 percent below its previous sale price four years earlier.
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 acquired Doral Inn & Suites Miami Airport West for $23 million from Qua Integral Services Real Estate.
The range of buyers included institutional investors, global firms, local developers, and nonprofits focused on mission-driven projects.
