South Street Partners, a prominent private equity real estate and development firm, announced the acquisition of Solé Miami, a 249-key full-service condo hotel situated on Sunny Isles Beach’s prime oceanfront. Managed by Noble House Resorts, the property features luxury amenities including a fitness center with steam room and sauna, an oceanfront pool, and direct beach access with umbrellas.
The resort also offers diverse dining options with four onsite restaurants such as Baleen Kitchen, a market, and private beachside dining experiences. Located in Sunny Isles—often called Florida’s Riviera—Solé Miami is just minutes from premier shopping destinations like Bal Harbour Shops and Aventura Mall, with convenient access to South Beach, Wynwood, and the Design District.
South Street Partners intends to invest in upgrading both guest rooms and public spaces to elevate the overall resort experience. This acquisition aligns with the company’s broader strategy to strengthen its presence in coastal and beachfront hospitality real estate. Peter Lunenburg, a principal at South Street Partners, highlighted their confidence in the long-term appeal of resort properties along Florida’s coastline.
As one of the largest owners and operators of private residential club and resort communities in the United States, South Street Partners holds a diverse portfolio that includes Kiawah Island, Palmetto Bluff, The Cliffs, and several notable golf and beach resorts across the country. The addition of Solé Miami further expands their footprint within the luxury hospitality market in South Florida.