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Sixth Street Pays $190M for Key West Resort

Sixth Street acquired the Pier House Resort & Spa, a 142-room, luxury oceanfront resort in Key West, Florida, for $190 million from Braemar Hotels & Resorts. Sixth Street completed the transaction in

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Summary

Sixth Street acquired the Pier House Resort & Spa, a 142-room, luxury oceanfront resort in Key West, Florida, for $190 million from Braemar Hotels & Resorts.

Sixth Street completed the transaction in partnership with Riller Capital.

Financing for the transaction was provided by Starwood Property Trust. Situated on five acres at 1 Duval Street, Pier House...

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