Miguel Pinto from Apex Money Realty and Samuel Heskiel and Marilina Apfelbaum from Beachfront Realty’s Business Division brokered the offer. Heskiel claimed the sale value was $26.5 million.
In accordance to Miami-Dade County house records, ThirtyNine Collins LLC purchased the residence for $8.1 million in 2008. The LLC’s members include things like Kent Janzon, Hans-Joachim Krause, Katja Janzon, and Nicola Meyer. The team also owns The Palms Hotel and Spa at 3025 Collins Avenue.
Heskiel explained in the smaller resorts, especially, “the foods and beverage factors often account for 50 percent of the earnings,” citing Freehand Miami and its Broken Shaker bar and lounge as an example.
Potential buyers, he said, will “pay fantastic prices for motels in good areas due to the fact they can financial institution on the income of F&B.” In the scenario of Circa 39, Heskiel reported the potential buyers are “going to revamp the F&B and the outdoors courtyard in order to make it a desired destination for other hotels in the north of the Faena District, like Damaged Shaker is to the south.”
Circa 39 is the former Copley Plaza Hotel. The three-story Artwork Deco constructing was built in 1940 and intended by architect Albert Anis.
Photo courtesy Circa 39
Postcard courtesy Florida Memory, Condition Library and Archives of Florida, circa 1941