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Hotel News Miami

Cashflow In Miami
March 29, 2022

Deauville Hotel Being Demolished

6701 Collins Avenue, Miami Beach

The demolition of the circa-1957 resort was ordered by Miami Beach Building Official, Ana Salgueiro in January, after it was determined to be an unsafe structure. 3,8 acre oceanfront property is worth over $200 million.

Deauville Associates LLC, a company owned and controlled by Belinda and Richard Meruelo, acquired the hotel in 2004 for just $4 million, but the property is now believed to be worth up to hundreds of millions of dollars if the owners sell it, depending on what could be built on the site.

The Deauville’s attorneys declined to comment on their client’s plans for the property following its demolition.

The Beatles played in this hotel in 1964 at the famous "The Ed Sullivan Show".

640 Ocean Drive, SOBE

The former Celino South Beach has become the Gabriel Hotel South Beach, part of the Curio Collection by Hilton.

The lifestyle hotel has 132 rooms at 640 Ocean Drive in Miami Beach. It has 12 balcony suites and 14 one-bedroom suites. Amenities include three restaurants and bars, plus two pools: one at the ground level and another on the roof with a glass bottom. Miami-based CGI Merchant Group bought the hotel in August as part of a hospitality fund backed by former baseball star Alex Rodriguez.

The property comprises four Art Deco buildings, including the historic Park Central Hotel, Heathcote Apartments and the Imperial Hotel.

40 Island Avenue, Belle Isle, Miami Beach

Billionaire, Barry Sternlicht bought The Standard hotel in Miami Beach from the scions of Zara magnate Amancio Ortega for $62 million. The price worked out to $620,000 a room. An entity tied to the Ortega family, Ferrado Lido LLC, paid $34 million for the 100-key hotel in 2008.

The Standard hotel, called The Standard Spa, Miami Beach, spans 2.3 acres on Belle Isle. The property was developed in 1953 as the Monterrey Motel and Yacht Club, designed by architect Norman Giller, according to the Miami Design Preservation League. It reopened as the Lido Spa in 1960. Standard Hotels founder André Balazs, who stepped down from his company role as chair in 2017, opened the property as the Standard Spa in 2005 following a renovation.

The hotel offers a wellness membership that includes access to its amenities, including the pool and hot tub, and discounts at the spa, hotel rooms and waterfront restaurant. Miami Beach approved plans for a major renovation of the hotel in 2017 that included a partial demolition of the east wing and the addition of a new building.

1438 Washington Ave, Miami Beach, FL 33139

Esme Hotel opens its doors in Espanola Way. Infinity Hospitality proudly unveiled Esmé, a new boutique hotel located along Miami Beach's charming pedestrian plaza, Española Way. The Spanish-Mediterranean revival property was originally known as the "Spanish Village" when it opened in 1927 and was built as a bohemian artist's colony. After a five-year renovation, Esmé, comprising 145 guest rooms and five original food and beverage concepts across a series of eight buildings, offers a chic Miami Beach escape that honors the street's original village vision. Each of the buildings within the Esmé village are connected by intimate paseos that hum with the vibrance and energy of Miami Beach's newest restaurants and bars.

The Roof at Esmé connects four of the Village's rooftops to create a deck that features a bar and restaurant, a pool, cabanas, and a wellness space. In the daytime, guests may take a yoga class, or lounge by the pool while sampling a selection of hand-crafted Sangrias. In the evening, The Roof is the quintessential rooftop dining experience featuring Chef DiPaolo's market-driven Modern Latin cuisine. As the night progresses, guests enjoy music under the moonlit sky with a selection of large format cocktails called Spirited Jugs of reimagined classics like the French 75 and Sparkling Paloma.

To punctuate the Esmé village, Casa Matanza is a standalone building accessed via a tunnel through the paseos that delivers guests to the more mysterious side of the street at Drexel Avenue. Rich with culture and history, the building features a darker, more vivid color palette in its guest rooms. It is also home to The Drexel, a new coastal Mediterranean restaurant from the team behind Miami's acclaimed Mandolin Aegean Bistro, and Tropezón, an Andalusian style kitchen & gin bar from Lost Boy & Co.


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