Holliday Fenoglio Fowler, L.P. (HFF) is marketing for sale Pullman Miami Airport Hotel, a 281-room, full-service hotel located within Miami’s most prestigious office park, Blue Lagoon Office Park. Formerly known as the Sofitel Miami, the hotel recently underwent a complete renovation and a brand conversion. The hotel for sale is being offered unencumbered of management with a potentially short-term brand encumbrance of approximately one year, based on current projections, paving the way for a repositioning opportunity in the near future. Additionally, the Pullman Miami Airport Hotel is being offered at a discount to replacement cost.
Featuring a combination of rooms and suites, the hotel provides views of either the Blue Lagoon or the Miami skyline. Pullman Miami Airport Hotel features an outdoor pool with a dancing water fountain, tennis courts, business center, fitness center and 11,000 square feet of meeting and event space. There are two food and beverage options, La Riviera, the hotel’s signature full-service restaurant, and Le Bar, which provides both an indoor lounge area and an outdoor area by the pool and water feature. The hotel is a Pullman PLANET 21 Gold hotel, which shows its commitment to sustainable development by being active in promoting health and nature, using innovation to reduce its carbon footprint and source from the local environment.
Pullman Miami Airport Hotel is located at 5800 Blue Lagoon Drive within the Blue Lagoon Office Park, the premier Class A office development in Miami comprising 1.6 million square feet and employing 11,000 workers. The office park is home to some of the world’s most recognizable companies, including FedEx, Airbus, Caterpillar, Sony, Hasbro, Estee Lauder and Burger King’s world headquarters, among others. There are plans for a one million-square-foot expansion of the office park.
The hotel sits just four miles from the Miami International Airport (MIA), which served 44.6 million passengers in 2016, making it the second busiest U.S. airport for international passengers. MIA had an economic impact $33.7 billion, making it Miami’s largest economic driver. Located at key junctions for FL-836, FL-953 and FL-826, the hotel for sale is within a short drive of Miami’s key demand drivers, including Miracle Mile Shopping District, University of Miami, Jackson Memorial Hospital, Florida International University, Dolphin Mall and Miami Beach.