South Florida’s dynamic real estate market saw significant activity this week, highlighted by the substantial sale of a West Palm Beach hotel for $23.8 million. This transaction, along with other notable deals across the region, underscores the continued investor interest in South Florida’s diverse property sectors, from hospitality to luxury residences.
Key Takeaways
- A Delta Hotels by Marriott property in West Palm Beach was the top commercial sale at $23.8 million.
- Residential sales in Miami Beach and Palm Beach also reached multi-million dollar figures.
- Broward County experienced a significant surge in office sales growth in the past year.
West Palm Beach Hotel Transaction
The most significant commercial deal recorded was the sale of the Delta Hotels by Marriott property located at 1301 Belvedere Road in West Palm Beach. The hotel, spanning over 130,000 square feet, was acquired by an affiliate of Toronto-based Palm Holdings for $23.8 million. The seller, Activate Hospitality, led by Sagar Dasai, had previously purchased the building and an adjacent development site in 2023. This transaction marks a substantial investment in the West Palm Beach hospitality sector.
Other Notable South Florida Deals
Beyond the West Palm Beach hotel sale, several high-value residential transactions also made headlines. In Miami Beach, a waterfront home at 7960 Biscayne Point Circle sold for $10.8 million. This property, built in 2019, features five bedrooms and six and a half bathrooms. Meanwhile, a luxury condo in Palm Beach at 340 South Ocean Boulevard changed hands for $9.1 million, representing a significant increase from its last sale in 2020.
Market Trends and Growth
Recent data indicates a strong performance across South Florida’s real estate landscape. While Miami-Dade County continues to command the highest prices for office properties, Broward County has emerged as a key growth area. Last year, Broward County saw a remarkable 93 percent year-over-year increase in office sales, totaling nearly $651.5 million, according to a TRD Data analysis of CBRE data. This surge highlights a broader trend of increasing investment and development interest throughout the tri-county region.
Sources
- South Florida Top Real Estate Deals: Thursday, Jan. 29, 2026, The Real Deal.
- Foreign real estate investment in South Florida hits $4.4 billion in 2025, The Business Journals.
- South Florida Top Real Estate Deals: Tuesday, Jan. 27, 2026, The Real Deal.