Art Deco hotel, formerly called the Traymore, sold for nearly $1M per key
An affiliate of Brazilian developer JHSF bought the Como Metropolitan Miami Beach hotel, with plans to renovate and brand the property a Fasano, The Real Deal has learned. The purchase marks the developer’s first acquisition in South Florida.
A Como Hotels and Resorts affiliate sold the oceanfront 74-key property at 2445 Collins Avenue for $70 million to an affiliate of JHSF International.
At about $946,000 per key, the sale represents one of the most expensive hotel deals to close since the pandemic began.
The Art Deco hotel, built in 1939, was formerly called the Traymore Hotel, and was previously renovated with interiors by Italian designer Paola Navone. The hotel features a beachfront swimming pool, a rooftop hydrotherapy pool, and the Traymore by Michael Schwartz restaurant and bar.
The Susan Gale Group with One Sotheby’s International Realty brokered the sale, representing the buyer and seller. The off-market deal was all cash, according to Gale.