arts
Billionaire Paul Singer’s hedge fund, LHCG buy hotel from Brookfield for $69M
By Eman Elshahawy at The Real Deal
· June 12, 2026
· 1 min read
Billionaire Paul Singer’s hedge fund has joined forces with a company led by former Starwood Capital Group executive Keith Evans to acquire the Mayfair House Hotel & Garden in Miami ’s Coconut Grove neighborhood for $69.4 million from Brookfield Asset Management, records show. An entity tied to West
Key takeaway 4 million from Brookfield Asset Management, records show.
Why this matters in The Miami
The acquisition of the Mayfair House Hotel & Garden in Coconut Grove by billionaire Paul Singer's hedge fund and Lifestyle Hospitality Capital Group marks a significant investment in Miami's hospitality sector. This deal may have implications for the local economy, particularly in the Coconut Grove neighborhood, where the hotel is a notable presence. The assumption and increase of Brookfield's mortgage to $79 million suggests that the new owners plan to invest in the property, potentially leading to renovations or upgrades that could enhance the hotel's appeal to tourists and locals alike. As Miami continues to grow as a hub for tourism and commerce, the Mayfair House Hotel & Garden's new ownership could contribute to the area's revitalization, potentially benefiting nearby businesses and residents in Coconut Grove and beyond. The hotel's location in a charming and historic neighborhood like Coconut Grove also raises questions about how the new owners will balance development with preservation of the area's unique character.
About this story
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Category: arts ·
Published: June 12, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Billionaire Paul Singer’s hedge fund has joined forces with a company led by former Starwood Capital Group executive Keith Evans to acquire the Mayfair House Hotel & Garden in Miami’s Coconut Grove neighborhood for $69.4 million from Brookfield Asset Management, records show. An entity tied to West
When was this published? This article was first published on June 12, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Eman Elshahawy at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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