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Florida & Gulf Coast  + Hospitality  |  February 5, 2020
David Cohen
By: David Cohen

Shelborne South Beach Hotel in Miami Trades for $120M

A joint venture between King Street Real Estate, Westdale Properties and Cedar Capital Partners has acquired the Shelborne South Beach Hotel in Miami Beach. The sales price was $120 million.

The 275-room hotel is located in Miami Beach’s iconic art deco district. Originally opened in 1941, the hotel was designed by Igor Polevitzky, and later updated and expanded by architect Morris Lapidus. The Shelborne features a pool, sky terrace, meeting and event spaces and beachside services, including beach chairs and towels as well as waverunner, parasailing and paddleboard rentals.

“Shelborne South Beach is a unique landmark located in a prime and distinguished Miami Beach district,” said David Walch, partner at King Street Capital. “We are excited to have completed this purchase and look forward to working alongside longtime partner Cedar Capital and our new partner, Westdale, to ensure the continued success of this iconic hotel.”

Connect South Florida is coming to Key Biscayne on Feb. 26, 2020. For more information, or to register, click here.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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