Summary:
- Baywood Hotels, based in Columbia, Maryland and led by President Al Patel, acquired the 124-room Hyatt Place Miami Airport-West/Doral in Miami.
- The hotel is near Miami International Airport, South Beach, UPS, FedEx, Boeing, and the upcoming Oasis of Doral.
- Hunter Hotel Advisors, led by Robert Taylor and Sophia Pittaluga, brokered the sale.
BAYWOOD HOTELS RECENTLY acquired the 124-room Hyatt Place Miami Airport-West/Doral in Miami. Hunter Hotel Advisors, led by Executive Vice President Robert Taylor and Senior Vice President Sophia Pittaluga, brokered the sale, Hunter said in a statement.
“We are excited to execute this deal on behalf of our client,” said Pittaluga. “The asset benefits from airport, leisure and corporate demand, with Baywood positioned in a submarket seeing continued business and residential growth.”
The hotel is near Miami International Airport, Miami International Mall, Trump National Doral’s Blue Monster Golf Course, South Beach, Wynwood, Dolphin Mall, and Marlins Park. Corporate offices including UPS, FedEx, and Boeing contribute to demand, along with the upcoming Oasis of Doral development. The hotel includes 1,127 square feet of meeting space in two rooms, a fitness center, business center and outdoor pool.
Columbia, Maryland-based Baywood, founded in 1975 by Nick Patel with a single motel in Laurel, is now led by President Al Patel.
Nexgen Management, led by CEO Paul Uppal, acquired the four-story, 139-room Hampton Inn & Suites El Paso-Airport in El Paso, Texas.
