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Mast Capital, a Miami-based investment and development firm, and Angelo, Gordon & Co. have completed the purchase of Conrad Miami from Holborn LC for $72M. This was a transaction facilitated by Christian Charre, Paul Weimer and Natalie Castillo of CBRE Hotels. The hotel is a flagship, trophy asset situated within the iconic Brickell Arch Tower and occupies an entire block within Miami’s vibrant Financial District. The tower contains 267,000 rentable square feet of Class A office, 203 hotel keys, and 116 luxury residential units. The interest purchased includes 203 hotel keys, a rooftop amenity deck, and a rental program, which currently has 41 out of 116 residential units participating. 

Following the sale, the joint venture will enter into the first Conrad Hotels & Resorts franchise agreement in the United States with HEI Hotels & Resorts, an industry leading hospitality platform, as property manager. An extensive rooms and public space renovation is planned to further elevate the property’s luxury offerings and create a more energized food and beverage experience.

“This property was extremely compelling because of its prominent location on Brickell Avenue and world class architectural design,” said Camilo Miguel Jr., CEO of Mast Capital. “It is exciting to have the opportunity to fully realize the potential of the property. We are confident that the Conrad brand’s concept of smart luxury will be favored by guests and residents for years to come.”

Mast Capital was represented by Kimberly LeCompte (acquisition), Joel Maser (corporate), Iris Escarra (zoning), Nancy Lash (loan), Nelson Migdal (hospitality) Andrew Sharpe (acquisition) and Brian Dombrowski (zoning) from Greenberg Traurig’s Miami, Washington D.C. and Fort Lauderdale offices.  Lauren Giovannone and Michael Bradford from Paul Hastings’ Los Angeles office acted as co-counsel with Greenberg Traurig.

The seller was represented by Suzanne Amaducci-Adams and Alexander Roitman (disposition) from Bilzin Sumberg Baena Price & Axelrod LLP’s Miami office. 

About Mast Capital

Established in 2006, Mast Capital is a value-oriented real estate investment company with integrated development and asset management teams. Mast has made successful acquisitions in the residential, hospitality, office, retail and land sectors, and targets opportunistic and value-add investments in existing property, ground-up development, distressed real estate, and note purchases. Mast’s robust infrastructure provides institutional-quality management in all facets of the investment process, while its discretionary capital sources allow Mast to act quickly compared to its competitors. 

About Angelo, Gordon & Co.

Angelo, Gordon & Co., L.P. is a privately held limited partnership founded in November 1988.  The firm currently manages approximately $27 billion with a core focus on credit and real estate strategies. Angelo, Gordon has over 420 employees, including more than 160 investment professionals, and is headquartered in New York, with associated offices elsewhere in the US, Europe and Asia. For more information, visit

About HEI Hotels and Resorts

HEI began as a small hotel investment and management company in the late 1980’s and has evolved into an industry-recognized and highly-respected owner / operator and hotel management company. Today, HEI manages 72 hotels, including 30 4- to 4.5-star properties (9,250 keys) in urban markets and 9 properties (2,881 keys) in Florida.

About Conrad Hotels & Resorts

Conrad Hotels & Resorts is the destination for the new generation of smart luxury travelers for whom life, business, and pleasure seamlessly intersect. Conrad offers its guests an innovative way to Stay Inspired through curated collections of 1-hour, 3-hour or 5-hour experiences, available through Guests can manage their stay through the Conrad Concierge service in the Hilton Honors mobile app, getting access to pre check-in and room selection to ordering in room dining and mobile check-out, all from their own mobile device. Consisting of 31 properties across five continents, Conrad is part of Hilton, a leading global hospitality company. Connect with Conrad by booking at or through the Hilton Honors mobile app. Learn more about the brand by visiting and follow us on Facebook, Instagram and Twitter.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising nearly 5,000 properties with more than 812,000 rooms in 103 countries and territories. Hilton is dedicated to fulfilling its mission to be the world’s most hospitable company by delivering exceptional experiences – every hotel, every guest, every time. The company's portfolio includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio Collection by HiltonTM, DoubleTree by Hilton, Tapestry Collection by HiltonTM, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton Honors. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose exactly how many Points to combine with money, an exclusive member discount that can’t be found anywhere else and free standard Wi-Fi. Visit for more information and connect with Hilton on FacebookTwitterLinkedInInstagram and YouTube.

Contact: Jenna D’Aniello / 305-372-2502

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