US-based Pebblebrook Hotel Trust has acquired The Westin Colonnade Coral Gables hotel in Miami, US, for $59.4m.

Located in Miami on Miracle Mile of the Coral Gables, the 157-room hotel will be operated by Davidson Hotels and Resorts.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Pebblebrook Hotel Trust chairman and CEO Jon Bortz said: "We’re excited about the acquisition of The Westin Colonnade Coral Gables and the ability to further expand our presence in Miami, one of the fastest growing markets in the country.

"This hotel is our second hotel investment in Miami, and our first in the Coral Gables submarket. The property’s excellent location in this affluent and dynamic market makes the hotel a leader among its competitors, and its upside opportunity makes it an excellent addition to our high-quality portfolio."

"This hotel is our second hotel investment in Miami, and our first in the Coral Gables submarket."

The Westin Colonnade was constructed in 1989, and converted into a Westin in 2007. It features 23,000ft² meeting space, including a 9,000ft² marble-tile Rotunda for weddings and other social and catering events.

First floor of the property includes a 4,460ft² restaurant space, currently leased to Sushisamba that provides Japanese, Brazilian and Peruvian cuisine.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

IIt also features an outdoor heated pool with a deck to accommodate social functions and parties, as well as a fitness studio and valet parking.

The full-service hotel is near to the Merrick Park, Miami Marlins Park, the University of Miami, Coral Gables Museum, a multitude of golf courses and abundant shopping.

It also offers convenient access to major area corporate tenants and other top-tier institutions, and is surrounded by around 140 gourmet restaurants, cafes, designer boutiques, art galleries and retail shops.

Total number of properties by Pebblebrook numbers 32 now with the acquisition of The Westin Colonnade. This is also the group’s second investment in Miami, Florida market.