Charlotte and Charleston-based private equity real estate and development firm, South Street Partners, has announced it has acquired Solé
Miami. The property, located at 17315 Collins Avenue in Sunny Isles Beach, is a 249-key full-service condo hotel managed and operated by Noble House Resorts.
Located directly on the beach, the resort offers luxury amenities such as a fitness center with steam room and sauna, oceanfront pool and beach with umbrellas, and four different on-site dining options, including Baleen Kitchen. The resort also offers private beachside dining options and a market.
Located in Sunny Isles, often referred to as Florida’s Riviera, Solé Miami is just minutes from world-class shopping at Bal Harbour Shops and Aventura Mall, and a short drive to the restaurants and shops of South Beach, Wynwood, and the Design District.
South Street Partners plans to fucus its efforts on elevating the resort’s offerings, with plans to upgrade guest rooms and common areas. In a press release, Peter Lunenburg, Principal of South Street Partners, said, “We are pleased to be adding Solé to our South Florida hospitality portfolio, representing our continued conviction in the long-term strength of coastal and beachfront resort real estate.”
South Street Partners is one of the largest owners and operators of private residential club and resort communities in the U.S., including Kiawah Island, Palmetto Bluff, The Cliffs, Barnsley Resort, The Beckwith-Crested Butte, The King and Prince Beach & Golf Resort, PGA National Resort, Sawgrass Marriott Golf Resort and Spa, Naples Grande, and The Arizona Biltmore.
