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
Faena Hotel Miami Beach and Eau Palm Beach (Faena, Eau Palm Beach)

Faena Hotel, Eau Palm Beach Resort among latest to lay off hundreds

Faena Hotel, Eau Palm Beach Resort among latest to lay off hundreds
Shelborne South Beach

Shelborne South Beach unit owners lose appeal contesting $30M in assessments

Shelborne South Beach unit owners lose appeal contesting $30M in assessments
150 North Federal Highway and Jaime Sturgis

Downtown Fort Lauderdale dev site hits market for $12.5M

Downtown Fort Lauderdale dev site hits market for $12.5M
From left: The Fontainebleau Miami Beach, Shore Club and Clevelander South Beach 

Record-breaking surge in Covid cases spells trouble for South Florida’s hotel market

Record-breaking surge in Covid cases spells trouble for South Florida’s hotel market
Clevelander South Beach

Party’s over: Clevelander South Beach closes after employee tests positive for Covid

Party’s over: Clevelander South Beach closes after employee tests positive for Covid
Lennox Miami Beach

Lennox Miami Beach hotel exec sues father-in-law for ousting him: lawsuit

Lennox Miami Beach hotel exec sues father-in-law for ousting him: lawsuit
Bridge Investment Executive Chairman Robert Morse, Bayview Corporate Tower (Credit: Google Maps)

Bridge Investment sells Fort Lauderdale office building for $83M

Bridge Investment sells Fort Lauderdale office building for $83M
citizenM founder Rattan Chadha, Russell Galbut and a rendering of 1212 Lincoln

CitizenM buys hotel portion of Crescent Heights’ 1212 Lincoln project

CitizenM buys hotel portion of Crescent Heights’ 1212 Lincoln project
arrow_forward_ios

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

Loading...