Mayfair House Hotel & Garden in Coconut Grove has changed hands for $110 million. The buyer is Elliott Investment Management, the investment firm led by Paul Singer; the seller is Brookfield Asset Management. The hotel announced the transaction on Instagram, characterizing it as a landmark deal in the Grove.
The Mayfair House dates to 1985, when it opened as a boutique hotel in Coconut Grove's commercial core. Brookfield undertook what the announcement describes as an extensive renovation before the property reopened under the current brand in 2022. That repositioning preceded the $110 million exit and is credited, per the announcement, with establishing the Mayfair House as one of Miami's most distinctive lifestyle hotels.
Elliott Investment Management is a financial sponsor, not a hotel operator. Founded and led by Paul Singer, the firm manages capital across credit, equities, and real assets and is most publicly associated with its activist investment campaigns, among them a prolonged dispute with Argentina over sovereign debt. For Elliott, the Mayfair House represents an entry into South Florida boutique hospitality at a price that reflects the property's post-renovation competitive position. The announcement offers no details about an operational team, a management agreement, or any planned changes to the hotel's programming.
Brookfield's $110 million exit follows a recognizable institutional arc: acquire, renovate, stabilize, and sell. The Grove's boutique hotel inventory is constrained by limited new-build opportunity, and the Mayfair House — as the neighborhood's most prominent full-service lifestyle property — benefited from that supply floor during Brookfield's hold period. Whether the sale price sets a benchmark for comparable assets in the submarket will depend partly on what Elliott does with the building next.
