A prominent French hotelier has significantly expanded their presence in Miami Beach with the acquisition of the Kimpton Angler’s Hotel for $43.5 million. This high-value transaction underscores the continued appeal of Miami Beach as a prime destination for luxury hospitality investments.
Key Takeaways
- A French hotelier has purchased the Kimpton Angler’s Hotel in Miami Beach for $43.5 million.
- The deal represents one of the most significant hotel sales in Miami Beach for 2025.
- The acquisition equates to $330,000 per key and was partially financed by a $23.5 million loan.
- The new owner plans a comprehensive renovation to elevate the property’s luxury standards.
A Lucrative Deal in Miami Beach
The Kimpton Angler’s Hotel, a 132-key property known for its amenities including two swimming pools and three distinct food and beverage outlets, has been acquired by Hotels Investment and Management Team LLC. This entity is reportedly linked to Philippe Le Guennec, owner of the Paris-based hotel collection, Hotel Saint-Louis. The purchase price of $43.5 million translates to approximately $330,000 per room, positioning it as one of the most substantial hotel transactions in Miami Beach during 2025.
Strategic Expansion and Future Plans
This acquisition marks Philippe Le Guennec’s second hotel venture in Miami Beach. He previously owned and divested Hotel St. Augustine. The new owner intends to manage the Kimpton Angler’s Hotel as part of his expanding hospitality brand. Plans are in motion for a significant renovation project aimed at enhancing the hotel’s design, service quality, and overall guest experience, aligning it with the luxury benchmarks set by his other properties. The hotel itself underwent an expansion in 2018, and the buyer is set to oversee its future management and development.
Transaction Details and Representation
The transaction was facilitated with a $23.5 million loan from Interaudi Bank. Susan Gale of Gale International at ONE Sotheby’s International Realty, along with attorney Chad Freedman of Ballaga, Freedman & Atkins, represented the buyer. The seller was represented by Alex Lalos of Hodges Ward Elliott.