Overview
- South Street Partners completed the acquisition of Solé Miami, a 249-key oceanfront condominium resort in Sunny Isles Beach, Florida.
- Noble House Hotels & Resorts will continue to manage and operate the property under the existing brand and management structure.
- South Street says it will invest in capital improvements focused first on guest rooms and common areas, though the companies did not disclose the purchase price or a renovation schedule.
- The resort includes multiple meeting venues, four on-site food and beverage outlets, a fitness center with steam room and sauna, an oceanfront pool, and private beach services that South Street plans to elevate.
- South Street frames the deal as part of a broader strategy to expand coastal resort holdings in high-growth Sunbelt markets, building on its multi-billion-dollar portfolio and past resort investments.