Argentine investors Jorge Savloff and Marcelo Tenenbaum acquired the Art Deco Berkeley Shore Hotel in South Beach for an undisclosed sum described as “very close” to the asking price of $13.78 million by Faye Reby and Roberto Pecchi, the Majestic Properties agents who brokered the sale.
They plan to renovate the Berkeley Shore, and add 33 more rooms, a swimming pool and a roof garden.
The seller, Guesch Inc., registered to Gonzalo Torre in Miami Beach, bought the 64-room, three-story hotel at 1610 Collins Ave. in 1991 for $840,000.
The Berkeley Shore was designed by one of Miami’s most well-known Art Deco architects, Albert Anis.
Savloff and Tenenbaum also own a slew of other South Beach hotels, including the Greenview Hotel, Aqua Hotel, Lorraine Hotel, Ocean Reef Hotel, Riviere Hotel and South Beach Hostel. — Emily Schmall