Business

Maryland company buys three Key West hotels

Maryland-based Meisel Holdings has purchased three Key West motels.

The company bought the Southwinds Motel, Spindrift Motel and Ocean Breeze Inn for a total of $15.8 million. The transaction closed Thursday.

Harborside Motel and Marina sold the Southwinds and Spindrift, while Don Whitehead was the seller of the Ocean Breeze.

The Ocean Breeze Inn at 625 South St. and neighboring Southwinds Motel at 1321 Simonton St. are being combined into one property, which will take the Southwinds name. Spindrift, at 1212 Simonton St., will continue to stand alone.

Plans call for an update of the combined Southwinds/Ocean Breeze property; the Spindrift site is expected to be redeveloped. Meisel Holdings, which has bought, developed and repositioned other hotels in Key West over the last 25 years, also bought an office building and parking lot at 1220 Simonton St.

“We’ve watched Key West evolve into a top destination worldwide,” Meisel Holdings CEO Marc Meisel said in a press release. “The purchase of these properties allows us to expand our hospitality operations in this unique paradise. We think of Key West as our home away from home and appreciate all it has to offer both to tourists and residents.”

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