This real estate investor just bought half of the Mondrian South Beach. It’s his first hotel.

Yet another real estate investor sees a bright future ahead for the hotel industry on Miami Beach.

That’s why he bought 50 percent of the Mondrian South Beach on Thursday.

Michael S. Liebowitz, president and CEO of Buena Vista-based risk-management firm Harbor Group Consulting, bought half of the hotel at 1100 West Ave. from Crescent Heights Managing Principal Russell Galbut for an undisclosed amount. Galbut will retain 50 percent ownership and Menin Hospitality will continue to manage and operate the property.

“It’s a unique property at a unique location,” Liebowitz said. “The views of the sunset are incredible. We got a full service hotel with the spa. There’s just nothing like it in that area.” The hotel is located on the Miami Beach side of Biscayne Bay.

Liebowitz’s firm often advises large banks — including JPMorgan Chase, Goldman Sachs, Barclays, UBS and Deutsche Bank — on their hospitality investments with such brands as Hilton, Marriott and the Four Seasons. It is his first personal investment in a hotel.

“Miami from a hotel perspective has a bright future,” Liebowitz said. “Don’t bet against it.”

Other investors across the hospitality spectrum agree. Just weeks ago, the luxury brand Aman announced it will build in the Faena Arts District, at 3425 Collins Ave. The up-and-coming, mid-market hotel brand Sonder will triple its Miami Beach offerings later this month, and European, budget-friendly hostel brand Generator doubled its presence in October.

Crescent Heights sold half of its ownership of the Mondrian South Beach on the same day trouble began for another one of its Miami Beach projects. Miami Beach sued its own board of adjustment over the board’s interpretation of height calculations at the project Park on Fifth, which would bring a 44-story condo tower, retail pavilion , parking garage and three-acre park. Crescent Heights and Terranova are partners on the project between 500 and 600 Alton. City planning officials do not want to give an additional two floors to the developers.

Liebowitz said he would have bought the Mondrian South Beach regardless of the plans happening less than a mile from the hotel.

“I think it should be built, it’s like adding sauce to the goose, but that’s a separate project,” said Liebowitz. “I would have bought the Mondrian should that lot be empty.”

Plans for the hotel have not yet been determined, said Liebowitz.