MIAMI-Viceroy Miami, a 148-room luxury, full-service hotel in Downtown Miami, has traded for $36.5 million. Located along Brickell Avenue and constructed in 2009, the hotel calls the ICON Brickell complex home.

Pebblebrook Hotel Trust acquired the asset, which is located in one of the three ICON Brickell towers overlooking the Miami skyline, Miami River and Biscayne Bay. The ICON Brickell is a 10-acre urban development that also includes condominium residences. Viceroy Hotel Group will continue to manage the property.

“Miami has historically performed very well in recovery cycles and the distinctive quality and location of the Viceroy Miami creates a very strong investment opportunity for our company,” says Jon Bortz, chairman and CEO of Pebblebrook Hotel Trust. “The hotel benefits from its location within the ICON Brickell complex along Brickell Avenue, a high-end business district in Miami."