financeLodging Magazine··1 min·For: Investor, Owner, GM
Sixth Street Buys Pier House Resort for $190M
Sixth Street, in partnership with Riller Capital, has acquired the 142-room oceanfront Pier House Resort & Spa in Key West from Braemar Hotels & Resorts for $190 million.
Key Takeaways
- 1Sixth Street and Riller Capital acquired the 142-room luxury resort for $190 million.
- 2The five-acre Key West property features private beach frontage, two dining venues, a spa, and 3,000 square feet of meeting space.
- 3Starwood Property Trust provided transaction financing, with CBRE and The Plasencia Group acting as advisors.
Source: Lodging Magazine
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