hotel colonnade coral gables
Pebblebrook Hotel Trust | March 29, 2023
BETHESDA, Md.-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that on March 28, 2023, it closed on the sale of the 157-room Hotel Colonnade Coral Gables, Autograph Collection in Coral Gables, FL for $63.0 million to a third party. For the trailing twelve months ended December 31, 2022, the hotel’s net operating income was $4.1 million, and its Hotel EBITDA was $4.8 million. Based on the hotel’s operating performance for 2019, the $63.0 million sales price reflects a 15.4x EBITDA multiple and an 5.5% net operating income capitalization rate. The net operating income for both periods mentioned above is after an ...
August 19, 2019
MIAMI, Aug. 19, 2019 -- Recently recognized as one of the 2018 Reader's Choice Awards "Top Hotels in Miami" for Condé Nast Traveler, and located in the heart of the "City Beautiful," the Hotel Colonnade Coral Gables has gone through various changes. Most recently, the ownership of this four-diamond hotel has made major strides to take the property and brand into the new millennium. The storied property was added to the acclaimed Marriott "Autograph Collection," which celebrates boutique hotels, unique in design and thoughtful in spirit. Offering next-level customer service and overall white-glove guest experience, Hotel Colonnade invites...
Hotel Colonnade Coral Gables | May 30, 2018
CORAL GABLES, FLA (MAY 2018) – Hotel Colonnade Coral Gables has recently appointed Benjamin Caban as director of sales & marketing for the historic 157-room property. Caban has previously held positions as area director of sales and marketing and director of sales & marketing at Beachwalk Resort; director of sales and marketing at Sonesta Bayfront Hotel Coconut Grove; sales manager for the Hyatt Regency Coral Gables, and as corporate group sales manager for the Sheraton Miami Mart Hotel. At Hotel Colonnade, Caban will be responsible for the sales department of the hotel managing a group of sales managers and overseeing the...
Hotel Colonnade Coral Gables, the Former Westin Colonnade, Coral Gables, Completes $18 million Renovation and Conversion, Joins Tribute Portfolio
Hotel Colonnade Coral Gables | October 4, 2016
MIAMI--October 4, 2016--Hotel Colonnade Coral Gables, formerly The Westin Colonnade, Coral Gables, and the newest addition to Starwood Hotel & Resorts Worldwide's Tribute Portfolio, is proud to announce the completion of an $18 million renovation, which has repositioned the hotel as an elevated, playful retreat on the famed Miracle Mile in the heart of Coral Gables. "Hotel Colonnade Coral Gables is a modern yet elegant hotel that caters to spirited travelers, adventure-seekers and work-hard-play-harder road warriors," said Patricia Davis, vice president of sales, marketing and revenue management of Pivot Hotels and Resorts. "Our pro...
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