MIAMI
A consortium consisting of affiliates of Starwood Capital Group, the LeFrak Organization and Invesco Ltd. announced it jointly purchased the South Miami Beach mixed-use hotel that was formerly known as the Gansevoort.
Slated to be renamed The Perry South Beach, the property--featuring 334 guestrooms--will get a $100 million renovation that will be completed by late 2013. The repositioning will also include several new local and national stores and restaurants in the retail corridor along Collins Avenue, where the hotel is located.
The Gansevoort includes 90,000 square feet of retail space, three outdoor swimming pools, and multiple indoor and outdoor food and beverage venues. The property also offers a 26,000 square foot rooftop pool and lounge with sweeping ocean views, a 32,000 square foot elevated pool plaza and restaurant, and a 48,000 square foot private beach.
Courtesy of hotelsmag.com
