Miami Beach investor buys Brazilian Court hotel’s mortgage

Brazilian Court Hotel & Beach Club at 700 and 701 Australian Avenue in Palm Beach (ballroom photo via Oyster)
Brazilian Court Hotel & Beach Club at 700 and 701 Australian Avenue in Palm Beach (ballroom photo via Oyster)

Miami Beach investment firm Ezra Group, led by Doron Marom, bought a distressed $19 million mortgage on the storied Brazilian Court Hotel & Beach Club in Palm Beach.

In February, MUNB Loan Holding, affiliated with Bank of New York Mellon, filed a foreclosure suit against the hotel owners CSC Brazilian and BC 201 LLC regarding 35 unsold condominium hotel units and most of the common areas, the South Florida Business Journal reported.

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Ezra Group has since filed a motion to take over the plaintiff role in the pending lawsuit. The 80-room hotel, located at 300 and 301 Australian Avenue, is best known as where Robert F. Kennedy’s son David A. Kennedy died from a drug overdose at age 28 in 1984. West Palm Beach-based Ceebraid Signal Corp. led renovations at the hotel in 2008. [South Florida Business Journal]Mark Maurer