HHM Lands Jumbo Deal in Miami

HHM has completed the acquisition of a 405-room hotel near Miami Airport.
Sheraton Miami Airport Hotel and Executive Meeting Center

HHM has completed the acquisition of the 405-room Sheraton Miami Airport Hotel near Miami Airport. JLL brokered the transaction.

Sheraton Miami Airport Hotel and Executive Meeting Center are the first Starwood facility and the largest hotel in HHM’s Miami portfolio.

The building is the closest hotel to Miami Airport. It benefits from direct pedestrian access to the recently opened Miami Intermodal Center, which provides direct connections to South Beach, Brickell and other regional leisure and business destinations.

As one of only four International Association of Conference Centers (IACC) certified meeting facilities in Florida, the hotel features 17,000 square feet of custom-built and updated meeting space in the executive conference center. Guests also have access to a 1,800 square foot fitness facility and several food and beverage outlets. HHM plans to carry out a full upgrade of the guest rooms and all public facilities in cooperation with outside designers and the Sheraton brand team.

Formerly known as Hersha Hospitality Management, HHM engages in hotel acquisitions, management, asset management, and receivership for full-service and select service hotels. It maintains a portfolio with 115 hotels across 25 markets in the U.S. In addition to Sheraton Miami Airport Hotel and Executive Meeting Center, the Philadelphia-based company manages three facilities in Miami Beach and one in Coconut Grove, all operated under Marriott flags.

Photo credits: Starwood Hotels & Resorts Worldwide Inc.