Sixth Street Pays $190M for Key West Resort
Sixth Street acquired the Pier House Resort & Spa, a 142-room, luxury oceanfront resort in Key West, Florida, for $190 million from Braemar Hotels & Resorts. Sixth Street completed the transaction in partnership with Riller Capital. Financing for the transaction was provided by…
Sixth Street acquired the Pier House Resort & Spa, a 142-room, luxury oceanfront resort in Key West, Florida, for $190 million from Braemar Hotels & Resorts. Sixth Street completed the transaction in partnership with Riller Capital. Financing for the transaction was provided by…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine commercial real estate acquisition involving a private equity firm and a luxury resort, representing ordinary market activity without broader market or regulatory impact.
Sources
Connect CRE
Sixth Street Pays $190M for Key West Resort
Sixth Street acquired the Pier House Resort & Spa, a 142-room, luxury oceanfront resort in Key West, Florida, for $190 million from Braemar Hotels & Resorts. Sixth Street completed the transaction in partnership with Riller Capital. Financing for the transaction was provided by…
Commercial Observer
Sixth Street Acquires Iconic Pier House Hotel in Key West for $190M
An iconic luxury hotel in Key West, Fla., is changing hands. Sixth Street Partners and Riller Capital have acquired Pier House, a longstanding 142-room oceanfront resort in downtown Key West, from Braemar Hotels & Resorts in a $190 million deal, according to a release from Sixth…