The Real Deal Miami

LaSalle buys three Key West hotels for $184M

August 29, 2013 03:47PM

La Mer Hotel in Key West

La Mer Hotel in Key West

LaSalle Hotel Properties acquired a trio of Florida hotels for $184.5 million, which Highgate Hotels will operate.

The Southernmost Hotel Collection, as the group of assets is known, consists of the Southernmost on the Beach, Southernmost Hotel in the USA and La Mer Hotel & Dewey House — all in Key West.

“We are very excited to have acquired this unique, extremely well located asset,” Michael Barnello, president and CEO of LaSalle, said in a statement, according to a report from ABC News. He said constrained supply in the Key West area made the acquisition attractive.

The property containing the three lodges offers three pools, a tanning pier and a private beach, according to the Wall Street Journal. [ABC News] and [WSJ] — Guelda Voien