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

1610 Collins Avenue

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
The Julia hotel, Jesper Arnoldsso

SMS Lodging lists Miami Beach hotel after selling another for $21M

Ritz-Carlton Residences Miami Beach

Dialysis exec nabs condo at Ritz-Carlton Residences Miami Beach

1835 West 27th Street and Oren Alexander

Venezuelan oil tycoon lists waterfront Miami Beach mansion for $17M

Miami Beach Mayor Dan Gelber and Natalie Nichols home at 1531 Stillwater Drive (Credit: Getty Images)

Miami-Dade judge strikes down Miami Beach short-term rental ban

Daily Digest Miami

Soffer in talks to buy Diplomat resort in Hollywood, 1-800 PetMeds founder sells Miami Beach house: Daily digest

4539 Pine Tree Drive and Shaya Boymelgreen (Credit: Realtor, Getty Images and iStock)

Shaya Boymelgreen sells waterfront estate in Miami Beach

Proposed Galbut residence at 4260 Pine Tree Drive and Russell Galbut

Russell Galbut wants to build a modern mansion on Pine Tree Drive

Cavalier and Henrosa hotels with Susan Gale of One Sotheby’s International Realty

Two South Beach hotels hit the market for $42M

arrow_forward_ios