MIAMI-An investment group based in Argentina has purchased theBerkeley Shore Hotel in Miami Beach.

A broker involved in the deal says the sale came “very close” tothe asking price of approximately $13.8 million, according to theMiami Herald.

The new owner plans to renovate and expand the 64-room Art Decohotel at 1610 Collins Ave.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.