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The 429-room 1 Hotel South Beach underwent a $300-million renovation and repositioning that was completed in 2015. The 429-room 1 Hotel South Beach underwent a $300-million renovation and repositioning that was completed in 2015.

MIAMI BEACH—Bethesda, MD-based Host Hotels & Resorts has added the 429-room 1 Hotel South Beach here to its portfolio in a deal valued at $610 million or a hefty $1.42 million a key.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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