Solé Miami Acquired by South Street Partners | Real Estate Services M&A Deal

South Street Partners has completed the acquisition of Solé Miami, a property management business in Florida, for $20M–$25M. The Solé Miami acquisition covers the 249-key oceanfront condo-hotel at 17315 Collins Avenue in Sunny Isles Beach, supporting hospitality operations, guest services, and event space. South Street Partners acquisitions focus on renovating beach resort properties, with plans to upgrade Solé Miami’s guestrooms and common areas to drive performance in a high-growth Florida submarket. The platform acquisition is a private equity acquisition by South Street Partners, with the deal valued around $80,300 to $100,400 per key, following a prior sale in 2021 and positioning the buyer’s real estate services deals FL portfolio for continued beachfront demand.