New Owner Of Miami Beach Gansevoort South Hotel
Ganesvoort Hotel Miami Beach lobbyCredit Suisse took ownership of the
Gansevoort South Hotel in Miami Beach last Thursday, after a New York
auction produced no bidders for the 334 room, trendy South Beach resort.
The previous owners, father and son team William and Michael Achenbaum
tried, unsuccessfully, to find a buyer for their $89 million outstanding
loan, before the foreclosure took place last week. Credit Suisse plans
to sell the hotel, which presently carries a $390 million first mortgage.
Michael Achenbaum said that operations at the hotel will remain the same,
and that the Achenbaum's company will continue to manage the popular Miami
Beach resort. The Gansevoort South has been a hot spot to stoGanesvoort
Hotel South Beachp for celebrity party goers such as Fergie and her husband
Josh Duhamel, and Lady Gaga, among others.
The hotel's 334 guestrooms average over 730 square feet of living space,
and boast spectacular views of the ocean, bay, and city. State-of-the-art
technology, and oversized bathrooms with separate shower and bath, are
featured in every room of this now bank-owned resort. Any buyers?