South Street Partners, a private equity real estate investment and development firm headquartered in Charlotte and Charleston, has acquired Solé Miami, an oceanfront boutique hotel situated directly on Sunny Isles Beach in North Miami. The deal expands the firm's hospitality footprint into one of South Florida's most sought-after coastal corridors.
Solé Miami sits on what the firm describes as a two-mile stretch of beachfront that has earned recognition from Condé Nast Traveler as one of Miami's best. The property offers direct Atlantic beach access along with proximity to South Beach, Bal Harbour, and Aventura — a combination that positions it as both a leisure destination and a gateway to Miami's broader dining, nightlife, and retail scene. For food and beverage operators scouting hotel partnership opportunities or high-traffic resort venues, the asset sits squarely in a market where hospitality spending remains robust.
South Street frames the acquisition as a natural fit within its strategy of targeting high-growth, drive-to markets across the Southeast. The firm's existing portfolio is concentrated in that region, and Sunny Isles Beach — accessible from major South Florida metros without requiring air travel — aligns with continued consumer demand for accessible luxury escapes. That drive-to dynamic has been a consistent driver of restaurant and hospitality industry performance in post-pandemic leisure markets, with resort food and beverage programs increasingly central to a property's overall revenue story.
Boutique hotel acquisitions of this profile often signal broader investment in on-site dining, bar programming, and experiential food and beverage concepts — areas where operators and brand partners frequently find opportunity. As beverage industry analysts have noted, upscale resort properties in Sun Belt destinations have become proving grounds for elevated cocktail programs and chef-driven restaurant concepts that can command premium spend from both hotel guests and local clientele.
South Street Partners has not yet detailed plans for repositioning or upgrading Solé Miami's food and beverage operations, but the acquisition of a recognized boutique asset in a competitive luxury beach market typically precedes investment in guest-facing amenities. Industry observers will be watching how the firm leverages the property's beachfront profile and its proximity to Miami's world-class hospitality ecosystem. Food & Beverage Magazine will continue tracking how ownership transitions at resort properties of this caliber shape on-site culinary and beverage strategy across the Southeast.
Written by Michael Politz, Author of Guide to Restaurant Success: The Proven Process for Starting Any Restaurant Business From Scratch to Success (ISBN: 978-1-119-66896-1), Founder of Food & Beverage Magazine, the leading online magazine and resource in the industry. Designer of the Bluetooth logo and recognized in Entrepreneur Magazine's "Top 40 Under 40" for founding American Wholesale Floral, Politz is also the Co-founder of the Proof Awards and the CPG Awards and a partner in numerous consumer brands across the food and beverage sector.
