The Real Deal Miami

Ritz-Carlton buys out One Bal Harbour

The 124-room property will be the operator’s 10th in Florida

September 26, 2014 01:30PM

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One Bal Harbour

One Bal Harbour

Next month, One Bal Harbour Resort & Spa is turning over management to Ritz-Carlton.

The 124-suite property will be the operator’s 10th in Florida, according to the Miami Herald.

No major changes or renovations to the 18-story tower, located at 10295 Collins Avenue, are planned. However, its name will change to the Ritz-Carlton Bal Harbour.

The Lionstone Group and Flag Luxury Group, owners of the Ritz-Carlton, South Beach, are buying the property from One Bal Harbour Hotel Facilities, an entity owned by the One Bal Harbour Residential Condominium Association.

Financial details have yet to be revealed. [Miami Herald]Christopher Cameron

  • marie

    Ok So Ritz Carlton Hotel with real resort in Bal Harbor Where high end is at its best (Surf club: Four seasons & Saint Regis), Ritz Carlton Residences on 47th meridian ave in miami beach and Ritz Carlton in Key biscayne… My take is Lionstone is planning either to sell their Ritz Carlton hotel on Lincoln road (all the retails are sitting empty for no reasons), so a condo could be built (and a large one that could accommodate possibly still a hotel, and of course retail), there are no reason anymore for Ritz Carlton to be in sobs the way it is now, it is dated compared to all the new hotels opening now, its based clientele would not want to be in the crowded lincoln road anyway. This is a spot for a good high tall condo (because there re very few of them on collins right in the heart of south beach)…Besides they need the cash.

    • Al czverik

      #1. They don’t need money
      #2. Walgreens is moving into the Ritz-Carlton space

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