New York firm sells Miami’s Sovereign Hotel

Soho House has acquired the landmarked Sovereign
Hotel, at 4385 Collins Avenue in Miami Beach, as part of its $39
million purchase of New York-based Ryder Properties. Soho House, which
has
created private member clubs and hotels in New York City and
Britain, was originally leasing the hotel, which is undergoing a
renovation that will add a 15-story tower. The members-only boutique
hotel is set to open in late 2009 or
early 2010 and will feature 47 rooms, a rooftop bar, pool, cabanas, spa
and a movie screening room.