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Related Group units sells hotel component of 55-story tower for $43M

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Related Group units sells hotel component of 55-story tower for $43M

Delaware-based Brickell Miami LLC acquired the hotel component of the 55-story SLS Brickell property at 1300 S. Miami Ave. in Miami from The Related Group units for $43 million, The Real Deal reported, citing property records.

The 124-key hotel was sold by PRH 1300 Hotel LLC and PRH 1300 Shared LLC, with the price translating to a per-room level of $347,000. Its amenities include a gym, spa, pool deck, a private screening room, a sky roof and a concierge.

The building also houses 450 condo units, the Jan. 2 report added.