Real estate investment firm Mast Capital has announced the sale of Solé Miami, A Noble House Resort, in Sunny Isles Beach, Fla.
The undisclosed buyer acquired the hotel asset near Golden Beach, Bal Harbour and Aventura, providing access to South Florida’s dining, shopping, cultural and beachfront destinations. Mast Capital was represented in the transaction by Christian Charre and Paul Weimer of Berkadia.
The sale price was not disclosed.
Mast Capital acquired the one-acre oceanfront property in 2021 and invested in upgrades and operational improvements. The hotel features private balconies, ocean and city views and resort-style amenities including an oceanside swimming pool, private beach club, fitness center, sauna and steam rooms, on-site dining and approximately 6,500 square feet of meeting and event space. The property benefits from direct beach access and proximity to Bal Harbour, Aventura and Miami Beach.
“South Florida’s hospitality sector continues to experience strong long-term fundamentals, particularly in premier beachfront destinations like Sunny Isles Beach,” said Jordan Kornberg, chief investment officer of Mast Capital. “This transaction reflects continued investor confidence in high-quality hospitality assets in dynamic growth markets with enduring demand drivers. We continue to see significant opportunity across South Florida’s hospitality sector, supported by strong tourism demand, an increase in corporate relocations and the global appeal of our region’s destinations driving population growth.”
According to the Greater Miami Convention and Visitors Bureau, Greater Miami and Miami Beach welcomed 28.2 million visitors in 2024. The sale underscores momentum across Miami-Dade’s hospitality sector, where tourism performance, international visits and limited beachfront development opportunities continue driving investor demand.