Last month, Mast Capital completed the purchase of the Conrad Miami in Brickell. The 203-room property is a flagship for the new Brickell Arch Tower within the financial district.
Following the sale, the hotel and residences will enter into the first Conrad Hotels & Resorts franchise agreement in the U.S.
A multimillion-dollar renovation to all guestrooms and public areas will commence shortly. Planned changes also include a robust food and beverage program.
The hotel will no longer be managed by Hilton properties and will be independently managed by HEI Hotels & Resorts, based in Norwalk, Conn.