The historic Berkeley Hotel in Miami Beach reopens after expansion

Blue Road added 32 rooms to the pre-existing 64 units, as well as a rooftop garden and swimming pool deck

TRD MIAMI /
Aug.August 10, 2017 02:15 PM

Blue Road, a Miami development company led by principals Jorge Savloff and Marcelo Tenenbaum, just announced the re-opening of the historic Berkeley Hotel in Miami Beach.

The Argentine investors spent a total of about $43 million on major renovations, construction and land purchases, according to a release. Blue Road has added 32 rooms to the pre-existing 64 units, as well as a rooftop garden and swimming pool deck that overlooks Collins Avenue.

The hotel at 1610 Collins Avenue, designed by Art Deco architect Albert Anis, will be managed by Palma, Majorca, Spain-based Iberostar Hotels & Resorts. It will have a BLT Steak restaurant in its hotel lobby, according to the release.

The Berkeley Hotel is the first hotel in the United States to be franchised by Iberostar, according to the release. Spanish billionaire Amancio Ortega owns Iberostar 70 Park Avenue in New York. The company has more than 100 hotels in Europe, Africa, the Mediterranean, the Caribbean, and the Americas.

The recent opening follows years of delays. The developers bought the site in 2013 for an undisclosed amount described as “very close” to the asking price of $13.78 million. Two years later they started on renovations after scoring a $18.4 million construction loan from lender Mercantil Bank.

The hotel, originally built in 1940, lies on the west side of Collins Avenue, across the street from the Loews Miami Beach and adjacent to the recently completed Hyatt Centric, which was developed by Robert Finvarb.

Blue Road’s Miami Beach portfolio includes the Redbury South Beach, The Crest Hotel and Hotel 18. Earlier this year Blue Road also re-opened its CASA Boutique Hotel in Miami Beach. – Amanda Rabines 


Related Articles

arrow_forward_ios
Peter Vauthy and Red South Beach (Getty)

The Weekly Dish: Red South Beach signs $5M lease for new space & more

The Weekly Dish: Red South Beach signs $5M lease for new space & more
Alan Faena, Len Blavatnik, Faena House (Credit: Faena House via Miami Herald)

Faena House condo association sues developer, contractor over alleged construction defects at ultra-luxury tower

Faena House condo association sues developer, contractor over alleged construction defects at ultra-luxury tower
Jacques Nasser aJacques Nasser and 445-441 East Rivo Alto Miami Beachnd 445-441 East Rivo Alto Miami Beach (Courtesy of Dora Puig / Luxe Living Realty)

Longtime Ford Motor exec sells Venetian Islands estate for $18M

Longtime Ford Motor exec sells Venetian Islands estate for $18M
58 La Gorce Circle Miami Beach & Bart Reines (Credit: Google Maps)

Luxury homebuilder Bart Reines buys waterfront LaGorce Island home

Luxury homebuilder Bart Reines buys waterfront LaGorce Island home
119 Washington Avenue Miami Beach

South Beach office building inks lease for record $92 psf

South Beach office building inks lease for record $92 psf
Len Blavatnik, Vlad Doronin and a rendering of the project (Credit: Mike Coppola/FilmMagic via Getty Images)

Aman tower planned for Faena Versailles site in Miami Beach advances

Aman tower planned for Faena Versailles site in Miami Beach advances
Michael Huffington & Eighty Seven Park

Michael Huffington drops $8M on condo at Eighty Seven Park

Michael Huffington drops $8M on condo at Eighty Seven Park
1568 Washington Ave., Miami Beach (Credit: Google Maps)

South Beach dev site with multifamily, retail hits market

South Beach dev site with multifamily, retail hits market
arrow_forward_ios

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

Loading...