Chetrit shuts down oceanfront Miami Beach hotel for major renovation

18-story, 424-key hotel was built in the 1960s

Miami /
May.May 01, 2019 01:30 PM
Joseph Chetrit and Miami Beach Resort

Joseph Chetrit and Miami Beach Resort

The Chetrit Group’s Miami Beach Resort is now closed for a major renovation of the oceanfront hotel.

Kobi Karp, the architect for the Miami Beach Resort renovation, as well as the Collins Park project, said the Miami Beach Resort property is being completely renovated but declined to comment further. It closed within the last two weeks, according to sources.

The 3-acre, 424-key hotel at 4833 Collins Avenue was built in the 1960s. Property records show Miami Beach Resort Owner LLC paid $117 million for the hotel in 2013. The company is controlled by Jacob Chetrit, brother of Joseph Chetrit, who leads the New York City-based Chetrit Group.

In 2015, the Miami Beach Historic Preservation Board approved plans for a partial demolition, renovation and restoration of the existing 18-story building, which included building new balconies, redeveloping the pool deck on the eastern ground level, and building a new rooftop pool and deck on the southwest portion of the building. The city denied a request to build a 1-story rooftop addition.

Jacob Chetrit owns 80 percent interest in the property and his brother Juda Chetrit owns the remaining 20 percent, records filed with the city show. The property opened in 1963 as the Doral Hotel On-The-Ocean, named for its owner Alfred Kaskel, and his wife Doris. The city of Doral is named after the couple, who also built the Carillon Hotel.

The hotel, known for its Starlight Room restaurant on the top floor, is adjacent to the Blue and Green Diamond condo towers and north of the Fontainebleau Miami Beach and the Eden Roc resorts.

Over in the Collins Park neighborhood of Miami Beach, the Chetrit Group is developing the Collins Park Hotel, a 294-key project that calls for four new buildings with 172,000 square feet, underground parking and an interior courtyard. A construction worker died after he fell from the third story of the project in December. The development is across the street from the newly renovated Miami Beach Convention Center.

Another historic Miami Beach hotel is preparing to open after being closed for nine years. The Peter Miller Hotel, at 1900 Collins Avenue, underwent a $71 million renovation led by Lennox Hotels’ Diego Agnelli. It’s set to open in July, according to the Miami Herald.


Related Articles

arrow_forward_ios
Developer Jeffrey Soffer and the JW Turnberry resort at 19999 West Country Club Drive in Aventura (Getty, TripAdvisor)
Jeffrey Soffer’s Turnberry Isle resort scores $412M refi from Bank of China
Jeffrey Soffer’s Turnberry Isle resort scores $412M refi from Bank of China
Frank Pellegrino Jr. with Loews Miami Beach and Loews Hotel owner Jonathan Tisch (Rao's, Google Maps, Getty)
Iconic NYC eatery Rao’s to open at Loews Miami Beach
Iconic NYC eatery Rao’s to open at Loews Miami Beach
G6 Hospitality CEO Rob Palleschi and the Motel 6 at 825 East Dania Beach Boulevard (LinkedIn, Google Maps)
Blackstone sells five South Florida budget hotels for $61M
Blackstone sells five South Florida budget hotels for $61M
Hyatt CEO Mark Hoplamazian and Gencom Founder and Principal Karim Alibhai with a rendering of the proposed three-tower development at 400 Southeast Second Avenue (James L. Knight Center) (LinkedIn, Gencom, Arquitectonica)
Hyatt, Gencom score Miami commission approval for James L. Knight Center referendum
Hyatt, Gencom score Miami commission approval for James L. Knight Center referendum
NR Investments' Ron Gottesmann and Nir Shoshani (top) and a rendering of  the development in Allapattah (NR Investments, DPZ CoDesign)
NR Investments wants to build mixed-use complex in Miami’s Allapattah
NR Investments wants to build mixed-use complex in Miami’s Allapattah
Domenic Gatto and Banyan Cay Resort and Club (Linkedin, Banyan Cay, Illustration by The Real Deal with Getty)
Developers of troubled West Palm resort project facing $61M foreclosure
Developers of troubled West Palm resort project facing $61M foreclosure
Jamestown CEO Matt Bronfman and the 727 Collins Apartments at 727 Collins Avenue in Miami Beach (Getty, Google Maps, Jamestown)
Former low-income South Beach apartments hit market as possible hotel conversion
Former low-income South Beach apartments hit market as possible hotel conversion
From left: Witkoff’s Steve Witkoff and Monroe Capital’s Theodore Koenig with the Shore Club
Witkoff, Monroe sued over alleged “crooked and secretive land grab” of Shore Club in South Beach
Witkoff, Monroe sued over alleged “crooked and secretive land grab” of Shore Club in South Beach
arrow_forward_ios

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

Loading...