Aloft Miami Airport – Miami, Florida

Type: Hotel Retrofit and Ground-Up Retail
Client: Grass River Property JV
Size: Hotel – 125 Keys

Outparcel #1:  One-Acre Ground Lease
Outparcel #2:  4,000-SF Tandem Retail building

Year: 2017

In June 2014, Grass River and its limited partners acquired a vacant 75,000 SF office building on a 4.9 acre site northwest of the Miami International Airport. The office building was converted to a 125-key Aloft hotel that opened in February 2017. A long-term hotel management with HEI was consummated. Two retail outparcels were introduced and leased to Pollo Tropical (ground lease) and Starbucks and Chipotle in a standalone tandem retail building. The retail was subsequently sold in a triple net transaction.