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| Hotel Colonnade Coral Gables 180 Aragon Avenue, Coral Gables, FL |
MIAMI, FL – JLL’s Hotels & Hospitality Group has closed the sale of the Hotel Colonnade Coral Gables, an award winning, 157-room luxury hotel in Coral Gables, Florida.
JLL represented
the seller, Pebblebrook Hotel Trust and procured the buyer. In addition, JLL secured acquisition financing
for the buyer.
Pamela Vasquez
The JLL Hotels & Hospitality team
representing the seller was led by Senior Vice President Christopher Exler
and Associate Pamela Vasquez.
The
JLL Capital Markets Debt Advisory team representing the borrower was led by
Managing Director Mark Fisher.
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| Christopher Exler |
The hotel underwent a property-wide renovation in 2016
that repositioned the hotel as a luxury lifestyle, industry-leading hotel in
the market.
The city of Coral
Gables is situated in the heart of Downtown Miami, on the corner of Ponce de
Leon and Miracle Mile, the busiest junction in the city. Miracle Mile is
renowned for its entertainment, dining and nightlife, while a number of unique
attractions sit nearby.
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| Mark Fisher |
The city is less than 30 minutes from the University
of Miami, Miami International Airport, Brightline Miami Station and PortMiami.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide.
The group’s 350-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
For more news,
videos and research resources, please visit JLL’s newsroom
CONTACT:
Alli Semans
Public
Relations, Associate
Phone: +1 330 329 6750
Email: Alli.Semans@jll.com
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