Business
Trinity Investments and Certares Announce Sale of EAST Miami to Blackstone Real Estate
MIAMI, September 10, 2025--Funds managed by Trinity and funds managed by Certares announce the sale of EAST Miami to funds affiliated with Blackstone Real Estate.
About this update from Swire Properties Limited
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":240,"url":"https://media.zenfs.com/en/business-wire.com/3680ca798519671edca754ea08f0f804"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/qg34rjlkeAYkK7mV7vDipQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/3680ca798519671edca754ea08f0f804","width":480,"height":240}},"lazy":false},{"type":"text","content":"MIAMI, September 10, 2025--(BUSINESS WIRE)--Funds managed by Trinity Investments ("Trinity"), a private real estate investment firm specializing in hotels and hospitality, and funds managed by Certares Real Estate Management LLC ("Certares"), today announced the sale of EAST Miami, a 352-room lifestyle hotel, to funds affiliated with Blackstone Real Estate.","length":379,"tagName":"p"},{"type":"text","content":"Opened in 2016, EAST Miami anchors Brickell City Centre, the landmark $1.1 billion luxury retail, residential and hospitality center in the heart of Miami’s Brickell neighborhood. In addition to its modern guestrooms and 89 serviced apartments, EAST Miami is known for its popular dining venues, including Sugar, the rooftop bar that has become one of Miami’s top nightlife destinations.","length":387,"tagName":"p"},{"type":"text","content":"Trinity and Certares acquired EAST Miami in 2021 from Swire Properties. Since then, the ownership group has focused on operational improvements and driving revenue growth while building a strong partnership with Swire Hotels – the original developer and a relatively new entrant to the U.S. market with its EAST hotel brand. This collaboration helped optimize performance and contributed to record financial results, including a more than 60% increase in net operating income during the first full year of ownership.","length":516,"tagName":"p"},{"type":"text","content":""EAST Miami is a great example of how hands-on ownership and strategic partnerships can create meaningful value," said Sean Hehir, Managing Partner, President, and CEO of Trinity Investments. "This transaction also marks the first fully realized asset by Trinity GP Fund I L.P., underscoring our ability to identify and enhance high-quality hotels in key markets."","length":384,"tagName":"p"},...