The Real Deal Miami

Viceroy Miami sells for $37M

May 27, 2011 12:03PM

Pebblebrook Hotel Trust has purchased the Viceroy Miami Hotel for $36.5
million. The hotel, which is located in Related’s Icon
, has 148 units and Viceroy Hotel Group will continue to
manage the property. The hotel, which was built in 2009, has a
28,000-square-foot spa. “We are delighted to be working with Pebblebrook
Hotel Trust at the Viceroy Miami,” said Brad Korzen, an officer at
Viceroy Hotel Group in a statement. “The hotel continues to show
excellent growth potential.” [SFBJ]