Sun Belt
Hotels for sale in Miami, FL. Cap rates, comps, and brokers across South Florida.
Miami is one of the highest-RevPAR markets in the U.S. and a top-tier luxury/lifestyle destination. Miami Beach (South Beach, Mid-Beach, North Beach) commands premium economics; Brickell and downtown serve corporate; Wynwood and Design District attract lifestyle and boutique buyers. Cap rates are tight; it is a market where capital is willing to accept lower yield for the supply-constrained urban / beachfront positioning.
Active Matthews listings
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Recent Matthews closes
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MSA
Miami-Fort Lauderdale-Pompano Beach MSA
Cap rate range (Q1 2026)
Stabilized PIP-current select-service: 7.00%–8.00%. South Beach lifestyle/luxury: 5.25%–6.50%. Brickell full-service: 6.50%–7.25%.
Source: CBRE H2 2025 U.S. Cap Rate Survey, HVS U.S. Market Pulse, Matthews Hotel Markets internal underwriting (Q1 2026).
ADR + RevPAR commentary
Miami Beach lifestyle/luxury ADR: $400–$1,200+ peak, $300–$500 stabilized. Brickell full-service $250–$350. Select-service citywide $150–$210.
Source: STR (str.com) public press releases, AHLA State of the Industry, JLL Hotels Research (Q1 2026).
Miami demand drivers
- South Beach / Mid-Beach / North Beach leisure
- Latin America business gateway
- Art Basel Miami Beach (December)
- Cruise (Port Miami)
- Sports (Heat, Marlins, Dolphins, Inter Miami CF)
- Miami International Airport
Miami hotel investment FAQ
- What is the current cap rate range for hotels in Miami, FL?
- Stabilized PIP-current select-service: 7.00%–8.00%. South Beach lifestyle/luxury: 5.25%–6.50%. Brickell full-service: 6.50%–7.25%. (Q1 2026). Ranges reflect stabilized, PIP-current assets across select-service, full-service, and where applicable resort/lifestyle. Cycle-trough resets, distressed assignments, and PIP-overhang trades clear at materially wider levels. Source: CBRE H2 2025 U.S. Cap Rate Survey, HVS U.S. Market Pulse, Matthews Hotel Markets internal underwriting.
- What are ADR and RevPAR doing in Miami right now?
- Miami Beach lifestyle/luxury ADR: $400–$1,200+ peak, $300–$500 stabilized. Brickell full-service $250–$350. Select-service citywide $150–$210. STR press releases (str.com) and the AHLA State of the Industry are the public benchmarks we cite for ADR/occ/RevPAR. We supplement with internal underwriting on every active mandate.
- Who are the named demand drivers behind Miami hotel performance?
- South Beach / Mid-Beach / North Beach leisure; Latin America business gateway; Art Basel Miami Beach (December); Cruise (Port Miami); Sports (Heat, Marlins, Dolphins, Inter Miami CF). Underwriting in this market keys on the diversification of those drivers — concentration in any single demand source is the most common reason a buyer haircuts our pro-forma RevPAR.
- Who at Matthews Hotel Markets covers Miami?
- Our Miami mandates are led by Luke Thompson. Direct contact info is on each broker's profile. For confidential disposition or acquisition conversations, the team responds within 24 hours.
- How long does a typical Miami hotel disposition take?
- Matthews's published 24-week playbook applies in Miami — engagement letter and BOV in weeks 1–4, OM and marketing launch in weeks 5–8, call-for-offers and finalist round in weeks 9–14, definitive agreement and closing in weeks 15–24. Construction-loan workouts and recap structures sometimes compress; PIP-cycle disputes can extend.