The former James Royal Palm in Miami's South Beach is going independent under Starwood's new brand for independent hotels, Hotel News Resource reports.
Chesapeake Lodging Trust acquired the property for a purchase price of $278 million, or approximately $707,000 per key. The Trust entered into a new management agreement with HEI Hotels & Resorts to operate the hotel and a new franchise agreement with Starwood Hotels & Resorts and will be affiliated with Starwood’s new brand for independent hotels.
According to the James Hotels website, all existing reservations at the property will be honored.
The Royal Palm is in the heart of South Beach fronting the Atlantic Ocean. The Art Deco property has 393 guestrooms averaging approximately 426 square feet, including 164 suites and 141 rooms offering ocean views. The hotel has a mix of 229 standard rooms ranging from 312 to 330 square feet which includes 73 double/double bedded rooms. The suites range from approximately 500 square feet to the 1,200-square-foot two-bedroom apartment suites. Each room offers a contemporary open layout with upscale residential elements and a 42-inch flatscreen television, wireless HSIA, custom artwork and a comfortable work or dining area.
The hotel has several food and beverage outlets for guests and visitors to enjoy, spread throughout the resort. The Florida Cookery is the hotel’s three-meal restaurant and serves regional Florida cuisine offering both indoor and outdoor options. The lobby lounge bar offers light fare with a focus on cocktails at night and transforms into a coffee bar during the daytime. The South Shore lounge is located on the ground floor of the Lanai building and offers a full bar and a small plates menu.