With Chetrit funding, former Morgans execs take over South Beach hotel

TRD New York /
Nov.November 14, 2011 01:34 PM

alternate
text
From left: Ed Scheetz and Ben Pundole of King & Grove Hotels and the Tides Hotel
With funding from the Chetrit Group, two former Morgans Hotel executives are taking over a South Beach hotel, Hotel Chatter reported.

King & Grove Hotels, a boutique hotel brand founded by the former CEO of Morgans, Ed Scheetz, and Ben Pundole, Morgans’ former director of entertainment, took over the Tides Hotel on Ocean Drive in South Beach. The LLC that took over the hotel, named CG Tides, is headed by Joseph Chetrit.

“By partnering with King & Grove, we are confident that our plans to rejuvenate the Tides and establish it as the preeminent luxury resort on Ocean Drive will be realized,” Joseph Chetrit said in a statement.

The Chetrits gave King & Grove money to expand their portfolio, which to this point was known for two small Hamptons properties, the Surf Lodge and Ruschmeyer’s. [HotelChatter]


Related Articles

arrow_forward_ios
Sharif El-Gamal, Joseph Chetrit and 1384 Broadway (Getty; Google Maps)

Chetrit Group sues Sharif El-Gamal for unpaid rent

Chetrit Group sues Sharif El-Gamal for unpaid rent
2870 Ocean Avenue and Isaac Chetrit, and 936 Home Street (Google Maps) 

Chetrit family’s dev site buy tops weekly mid-market sales

Chetrit family’s dev site buy tops weekly mid-market sales
Chetrit Group principal Michael Chetrit and 850 Third Avenue (850thirdavenue, iStock, Discovery Channel)

Chetrit battles Discovery Channel at 850 3rd Avenue

Chetrit battles Discovery Channel at 850 3rd Avenue
150 East 86th Street (Google Maps)

Barnes & Noble closing on Upper East Side

Barnes & Noble closing on Upper East Side
110 East 76th Street and Joseph Chetrit (Credit: Google Maps; Sylvain Gaboury/Patrick McMullan via Getty Images)

Joseph Chetrit sells UES townhouse for $25M

Joseph Chetrit sells UES townhouse for $25M
Joseph Chetrit and 88-20 153rd Street (Credit: Getty Images, Google Maps)

Chetrit plans fifth apartment building at Jamaica hospital site

Chetrit plans fifth apartment building at Jamaica hospital site
118 East 76th Street and Developer Joseph Chetrit (Credit: Google Maps and Getty Images)

Manhattan luxury home market off to worst start in seven years

Manhattan luxury home market off to worst start in seven years
Joseph Chetrit and 98 Montague Street in Downtown Brooklyn (Credit: Getty Images and Google Maps)

Chetrit Group lands $112M refi for Hotel Bossert project

Chetrit Group lands $112M refi for Hotel Bossert project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...