powered by
Select Leaders

JOBS

Enter Search Keywords

eg: "Financial Analyst" or Company

Recruit Commentary Sign up for Alert

Slowly, the economy is turning the corner, and the focus has switched to how—and when—commercial real estate capital and investment markets will respond. One thing is certain: Firms with a global focus will emerge first.
Available On Demand Cost: $59 Register Now >

QUICK POLL

Retail Store Closings:

Won’t Surpass 2009

Will Increase Modestly

Will Make ‘09 Look Like Boom Times

View Results

MIAMI BEACH, FL-The Sovereign Hotel, located at 4385 Collins Ave., has been acquired by Soho House Ltd. under a $39 million purchase of owner New York-based Ryder Properties, according to a story by Eric Kalis at the Daily Business Review, an Incisive Media publication. Soho House, which has created private member clubs and hotels in Britain and one in New York City, was originally leasing the space, which is in the process of undergoing a renovation and the addition of a 15-story tower.

The members-only boutique hotel is set to open in late 2009 or early 2010 and will feature 47 rooms, a rooftop bar, pool, cabanas, spa and a movie-screening room. “The capacity of the beach is increasing, which is a good thing for this project,” hotel consultant Guy Trusty, president of Lodging and Hospitality Realty, told the Daily Business Review. “And they might be opening at the right time, as 2010 will probably be past the current period of [economic] uncertainty.”

To read the full story click here.