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Gemini buys hotels in NYC, Miami Beach

Gemini Hotel Estate Advisors announced on Monday that it bought two hotels, one located in New York City and the other located in Miami Beach, Florida, which it will convert to its lifestyle brand Jade Hotel.

Gemini Hotel Estate Advisors, which has offices in New York City and Charlotte, North Carolina, is converting the Best Western Plus Seaport Inn, located at 33 Peck Slip in Manhattan, to the 72-room Jade Hotel Seaport, set to open in mid-2015.

Gemini is also converting the 46-room Hotel18, located on 18th Street and James Avenue, Miami Beach, to the 70-room Jade Hotel Miami Beach, set to open in early 2016.

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