Blackstone acquires EAST Miami from Trinity, Certares
💸 Funds managed by Trinity Investments and Certares Real Estate Management sold the EAST Miami, a 352-room hotel, to Blackstone Real Estate. The hotel, opened in 2016 at Brickell City Centre, a $1.1 billion development, saw over a 60% net operating income increase under Trinity and Certares’ ownership since 2021. This sale is Trinity GP Fund I L.P.'s first realized asset, highlighting strategic involvements and Blackstone’s investment in Miami's growing Brickell area.
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