NAPLES, Fla.--(BUSINESS WIRE)--Halstatt Real Estate Partners, a real estate private equity firm, today announced the opening of its newest project, Palihouse Miami Beach. The 71-room hotel located in Miami Beach’s Faena District, was repurposed in partnership with local development firms, Scott Robins Companies, RB Green Companies, and L.A.-based boutique hotel operator, Palisociety.
“It is a great pleasure to see our capital come to life throughout the process of reimagining the original Greenbrier hotel. The Paligroup design team incorporated a bold blend of classic and contemporary design and art while updating the 1940 Art Deco structure with state-of-the-art amenities, dining, bars, and beautiful oversized residential-style rooms,” said Katie Sproul, chief executive officer, Halstatt. “We are excited to welcome our first guests and become part of the vibrant Miami Beach community.”
Originally the Greenbrier Hotel, established in the 1940s, Palihouse Miami Beach is located on the Indian Creek Waterway in a newly restored Art Deco building two blocks from the ocean and some of the area’s best shopping, restaurants, arts and culture-focused destinations. The hotel features 71 spacious guest rooms and studios, with a mix of king and queen accommodations, most with kitchenettes, that have been redesigned and renovated into an eclectic mix of contemporary and vintage spaces and furnishings with an eastern seaboard meets boho-Mediterranean inspired design aesthetic.
Within the property is Greenbrier Swim & Social, a collection of all-day food and drink gathering spots including a creek-front patio, lobby lounge, liquor bar, and outdoor pool area. Hotel guests will also have access to the complimentary Palihouse Miami Beach “Beach Butler” service which includes round-trip transportation to the best local beaches via a custom convertible electric Moke and umbrellas, beach chair and towel set-up for the day.
“Palihouse Miami Beach is our debut property on the east coast and brings our vision for a unique, beach lodge concept to life with a personality unlike any other in the city,” said Avi Brosh, founder of Palisociety. “Working with the development team and Halstatt Real Estate Partners to reimagine this storied property was a great experience and we look forward to collectively welcoming visitors and locals alike to enjoy the hotel and all its charms.”
Halstatt Real Estate Partners identifies value add and opportunistic real estate projects throughout the Florida market. The company partners with qualified sponsors to develop and implement a strategic business and capital improvement plan to reposition and maximize the value of underutilized properties.
About Halstatt Real Estate Partners
Halstatt Real Estate Partners (“HREP”), a women-owned real estate private equity firm, has participated in the acquisition and development of over $850 million in Florida-based real estate assets since 2011. Founded by the Sproul family, based in Naples, Florida, and a proud part of the Barron Gift Collier legacy in Southwest Florida, HREP invests in middle market, value add and opportunistic commercial and residential real estate projects. HREP works with best-in-class local and regional operating partners to maximize the value of its real estate investments. HREP invests alongside a cross-section of institutional limited partners with a history of continuity from fund to fund including charitable foundations and endowments, domestic and international family offices, and corporate pension funds. www.halstatt.com
Palisociety is a fully integrated branded real estate development and hospitality operating company that acquires, programs, develops, owns and operates unique hotels and residences. The company’s proprietary brands, development and operational expertise also includes specialized retail spaces, highly curated restaurants, bars and event venues. Avi Brosh founded Palisociety in 1998 in Los Angeles. For more information, visit www.palisociety.com.