Elliot Management Buys Mayfair House Hotel & Garden
Hoodline
Elliott Management has scooped up the Mayfair House Hotel & Garden in Coconut Grove in a deal local business press pegs at roughly $694 million, turning one of Miami’s most distinctive boutique hotels into a trophy for a heavyweight institutional investor.
According to the South Florida Business Journal, an affiliate of Elliott Management closed on the property in a transaction valued at about $694 million. The outlet’s real estate coverage cast the sale as one of the largest single-asset hotel trades in recent South Florida history. The report identified the buyer as an Elliott-led company and noted that there were no immediate rebranding or redevelopment plans disclosed as part of the deal.
The Mayfair House Hotel & Garden is a 179-room boutique tucked into Coconut Grove’s tree-shaded streets, built around a lush interior courtyard, rooftop pool and several on-site restaurants and bars. The hotel’s official site notes that the property reopened in September 2022. Local coverage, including the Miami Herald, has put that renovation tab near $50 million and credited the redesign with reviving the Mayfair’s signature courtyard and event spaces.
Industry reports say HEI Hotels & Resorts was tapped in late 2025 to manage the property, with the goal of keeping the Mayfair in the independent, lifestyle lane instead of folding it into a major chain portfolio. Hotel Management covered the management shift and highlighted the national attention the hotel has earned for its design and dining since relaunching.
