Real EstateAcquisitionsHHM Acquires Sheraton Miami Airport Conference Hotel

HHM Acquires Sheraton Miami Airport Conference Hotel

MIAMI—Philadelphia based HHM has completed its acquisition of the Sheraton Miami Airport Hotel and Executive Meeting Center, which features 405 rooms, 17,000 square feet of updated meeting space, an 1,800-square-foot fitness facility, plus multiple food and beverage outlets.

The 405-room Sheraton Miami Airport Hotel and Executive Meeting Center is the closest hotel to Miami Airport, which serves as the largest gateway for Latin America and the Caribbean. The hotel has direct pedestrian access to both the airport and also the recently opened Miami Intermodal Center (MIC), which provides direct connections to South Beach and Brickell, among other regional leisure and business centers.

The hotel’s executive conference center offers 17,000 square feet of renovated, custom built meeting space. As the only International Association of Conference Centers (IACC) certified meeting facility in South Florida, the Executive Meeting Center accommodates both business and leisure guests at the airport and nearby corporate office parks.

HHM is working with outside designers and with the Sheraton brand team, part of Starwood Hotels and Resorts, to further enhance the hotel’s programming through a full upgrade of the guest rooms and all public facilities.

“The Sheraton Miami Airport is a welcome addition to our growing investment platform and represents our ninth hotel in Florida and our fifth hotel in the Miami market. We are excited about the opportunity to further grow the market penetration of this hotel within the airport and nearby submarkets. We expect strong continued growth and diversity of demand generators at Miami International Airport and in South Florida generally,” said Naveen P. Kakarla, HHM president & chief executive officer. “We are equally excited about the capable and tenured associates at this property, and look forward to including them in the HHM family as we work to upgrade and further position this hotel.”

The Sheraton Miami Airport Hotel was brokered by Jones Lang LaSalle (JLL) and now joins HHM’s managed portfolio in Miami.