Mast Capital

Miami, FL

Trophy asset on Brickell Avenue, occupying an entire block at the heart of Miami’s urban core
203 luxury hotel rooms, including seven suites, in a full amenity property that features a rooftop pool, tennis courts, and full service spa

Property acquired well below replacement cost, creating the potential to unlock significant value, particularly through expense management
Signed the first Conrad franchise agreement in the United States, which can be terminated upon sale for a fee
All guestrooms feature spectacular views of Biscayne Bay or the city; considerable upside potential exists as rooms are in need of an update
The hotel is within walking distance of 13 million sf of office space and located less than 10 miles from Miami International Airport and Miami Beach

Mast engaged HEI Hotels and Resort, a best in class operator of luxury hotels, to implement productivity and cost cutting measures
Mast is executing an $8M renovation to enhance the product’s offering and competitive position within the market
Due to the high quality of the underlying real estate and market, the hotel will likely attract REIT and offshore capital buyers upon sale