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