Bloomberg BNA — Sea rise, storm surge and other climate change impacts could put billions of dollars worth of coastal properties and tourism activities in South Florida at risk, local officials said April 22 at a field hearing in Miami Beach organized by Sen. Bill Nelson (D-Fla.).
The Fontainebleau Miami Beach is booked solid next week as bankers prepare to crowd the iconic lobby for cocktails at an annual bond-market convention. For owner Jeffrey Soffer, the conference helps justify a $1 billion makeover that almost cost him the property three years ago.
Sam Nazarian , the U.S. hospitality entrepreneur who played himself on HBO’s “Entourage,” plans to renovate the Ritz Plaza Hotel in Miami Beach as he shops New York for property and reworks debt on a Las Vegas casino.
Morgans Hotel Group Co., which operates the Royalton and Mondrian boutique brands, put its 195- room Delano South Beach property in Miami Beach, Florida, on the market, according to the broker with the listing.
Blackstone Group LP agreed to sell the Miami Beach Resort in Florida to Joseph Chetrit for $117 million as part of a debt restructuring in its LXR Luxury Resorts & Hotels unit, a person with knowledge of the deal said.