Sternlicht's Starwood Capital opens second Postcard Inn

Islamorada's Holiday Isle is set to reopen in December after a $10.6 million renovation; when it does, it will have a new name: Postcard Inn Beach Resort & Marina at Holiday Isle. The hotel is the second in the Postcard brand (the first location was opened in October 2009 in St Pete’s Beach) and is owned by Starwood Capital.

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HVS Brokerage & Advisory, Milmark Hotel/Motel Investments and Marcus & Millichap arranged sales in Texas, Wisconsin and Florida.

The Reuben Brothers have acquired La Residence hotel in Kalafatis Bay, Mykonos, Greece, for an undisclosed fee.

PPHE told us that it was seeing a “strong pickup” in London after some caution in the fourth-quarter, as the UK capital continued trade strongly.