Shuttered Fort Lauderdale Beach resort sells for $17M

Seller proposed expanding and redeveloping the waterfront property, but the city rejected that proposal in 2016

TRD MIAMI /
Aug.August 07, 2018 09:45 AM

Bahia Cabana Beach Resort

The owner of the now-closed Bahia Cabana Beach Resort in Fort Lauderdale just sold the property for $17.27 million, after years of trying to expand and redevelop the hotel and marina complex.

Riviera Resort Club Developers, led by Bryan Cohen and Roni Amid, sold the 70-key hotel to a Bahamian company, 3001-18 Harbor Drive LLC, for about $247,000 per room, according to property records show.

The 1.8-acre property at 3001 Harbor Drive faces the Intracoastal Waterway and is across the street from the beach. It closed in October due to “extensive damage” from Hurricane Irma and has not reopened.

Before that, the seller had big plans for the site, which included building a hotel, restaurant and pedestrian pathways. Riviera Resort Club Developers also offered to build a new fire station for the city at another location in exchange for the current fire station’s land, but the city of Fort Lauderdale rejected that proposal in 2016.

The hotel was completed in 1957.


Related Articles

arrow_forward_ios
Daily Digest Miami

Miami Beach OKs hotel development on Lincoln Road, Bank OZK’s construction lending is up: Daily digest

La Social’s original location at 7601 Biscayne Boulevard (Credit: Google Maps)

The Weekly Dish: La Social to open in downtown Miami, Salt & Straw is going to Wynwood 25 & more

Daily Digest Miami

Rise in climate-related home buyouts could worsen housing inequality, Eurostars parent buys historic downtown Miami property: Daily digest

From left: Adam Rubin, Farin Milligan, Nicholas Chatman, Tim Elmes, Addison Ruff, Mike Herstik and Niki Michopoulos

Compass poaches Tim Elmes of Coldwell Banker

Charlie Kushner and Laurent Morali over Fort Lauderdale site (Credit: Google Maps)

Kushner goes to Broward, buying site near Fort Lauderdale train station

One Financial Plaza with Clay Hamlin III and Jay Shidler of Alliance HSP (Credit: Google Maps)

Alliance buys One Financial Plaza in downtown Fort Lauderdale

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

Two South Beach hotels hit the market for $42M

A rendering of Arlo Wynwood

Quadrum Global plans Arlo hotel in Wynwood

arrow_forward_ios