AON Hospitality Buys Hampton Inn Miami Airport East
New Jersey-based AON Hospitality Group enters South Florida with the acquisition of a 127-room Hilton asset brokered by Hunter.
The short answer
AON Hospitality Group has purchased the 127-room Hampton Inn Miami Airport East, entering the South Florida market. Hunter Advisors brokered the deal for the 2017-built property situated near Miami Freedom Park.
“We believe Miami is one of the most dynamic and vibrant markets, and this investment aligns with our underwriting criteria.”
The short version
- AON Hospitality Group purchased the 127-room Hampton Inn Miami Airport East, entering South Florida.
- Hunter Advisors brokered the transaction on behalf of the seller.
- The 2017-built hotel sits under one mile from the upcoming $1 billion Miami Freedom Park.
AON Hospitality Group has acquired the 127-room Hampton Inn Miami Airport East, marking its entry into the South Florida hotel market [1]. Brokered by Hunter Advisors on behalf of the seller, the five-story property is located adjacent to Miami International Airport and less than one mile from the upcoming $1 billion Miami Freedom Park development [1].
Who were the primary parties involved in the transaction?
New Jersey-based owner-operator AON Hospitality Group purchased the property, while Hunter Advisors represented the unnamed seller [[1, 2]]. Asian Hospitality reported that AON Hospitality Group is led by Chief Executive Officer Harry Patel and President Gary Patel [2]. The brokerage team at Hunter Advisors was led by Senior Vice President Sophia Pittaluga and Executive Vice President Robert Taylor [[1, 2]].
What are the main physical attributes and amenities of the asset?
Constructed in 2017, the five-story Hampton Inn Miami Airport East features 127 guestrooms equipped with VTAC systems, high ceilings, and larger room layouts than typical select-service properties [1]. Lodging Magazine detailed that guest amenities at the hotel include an outdoor swimming pool, a fitness center, a business center, complimentary hot breakfast, free WiFi, on-site parking, and approximately 748 square feet of dedicated meeting space [1].
| Property Attribute | Details |
|---|---|
| Room Count | 127 rooms [1] |
| Year Built | 2017 [1] |
| Building Height | 5 stories [1] |
| Meeting Space | 748 square feet [1] |
| In-Room HVAC | VTAC systems [1] |
| Buyer Head Office | New Jersey [2] |
What market demand generators drive traffic to this Miami location?
The hotel is situated directly adjacent to Miami International Airport and sits less than one mile from Miami Freedom Park [[1, 2]]. As reported by Lodging Magazine, the $1 billion mixed-use entertainment complex at Miami Freedom Park will feature Inter Miami CF's future stadium and is anticipated to drive year-round regional visitation [1]. Furthermore, Asian Hospitality noted that the property offers immediate transit access to regional commercial and leisure destinations, including Downtown Miami, Brickell, Coral Gables, the Miami Health District, Wynwood Arts District, PortMiami, and South Beach [[1, 2]].
How does this purchase fit into AON Hospitality Group's expansion?
The transaction serves as AON Hospitality Group's initial property acquisition in the South Florida region [1]. Asian Hospitality revealed that the firm recently expanded its East Coast footprint by acquiring the 130-key Holiday Inn Express & Suites in South Portland, Maine, from seller Beddy Bye LLC [2]. Gary Patel, president of AON Hospitality Group, stated that the Miami market fits the company's underwriting criteria due to growth across the airport, the Miami Financial District, and surrounding developments [1].
What investment trends does Hunter Advisors observe in South Florida?
Hunter Advisors reported seeing strong interest from potential buyers throughout the marketing process for this airport asset [1]. According to Lodging Magazine, Hunter Senior Vice President Sophia Pittaluga indicated that investor confidence in Miami remains high due to long-term market fundamentals and ongoing capital projects like Miami Freedom Park [1].
Reported by
This article was written from the following reporting. Follow the links for the original coverage.
- [1]Hunter Brokers Sale of Hampton Inn Miami Airport East— Lodging Magazine
- [2]AON Expands Portfolio with Miami Hampton Inn Deal— asianhospitality.com
Frequently asked
+Who bought the Hampton Inn Miami Airport East?
New Jersey-based AON Hospitality Group, led by CEO Harry Patel and President Gary Patel, acquired the property as its first South Florida asset.
+Who brokered the sale of the Hampton Inn Miami Airport East?
Sophia Pittaluga, senior vice president, and Robert Taylor, executive vice president at Hunter Advisors, brokered the transaction on behalf of the seller.
+How many rooms does the Hampton Inn Miami Airport East offer?
The five-story hotel contains 127 guestrooms with high ceilings and VTAC systems, along with 748 square feet of meeting space.
+What major developments are located near the hotel?
The property is located less than one mile from the new $1 billion Miami Freedom Park mixed-use district, which will house Inter Miami CF's stadium.
+What other recent hotel transaction has AON Hospitality Group completed?
AON Hospitality Group recently acquired the 130-key Holiday Inn Express & Suites in South Portland, Maine, from Beddy Bye LLC.
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