The James Royal Palm has been sold and will join Starwood Hotels & Resorts’ yet-to-be named collection of independent hotels.

Temporarily, the hotel will operate under Starwood's Luxury Collection brand, and is slated to join the collection of independent hotels by June. 

Chesapeake Lodging Trust acquired the 393-room South Beach hotel from KSL Capital Partners for $278 million, or about $707,000 per room. The beachfront hotel, which had been operating under Denihan Hospitality’s James brand, is now the Royal Palm, Miami-South Beach.

HEI Hotels and Resorts has taken over management of the hotel.

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