A joint venture by AMS Hospitality Group and Black Salmon bought Circa 39; a 97-room hotel on 3900 Collins Avenue in Miami Beach.
Miguel Pinto from Apex Capital Realty and Samuel Heskiel and Marilina Apfelbaum from the Commercial Division of Beachfront Realty brokered the deal. Heskiel said the selling price was $ 26.5 million.
According to Miami-Dade County’s real estate records, ThirtyNine Collins LLC bought the property in 2008 for $ 8.1 million. The members of the LLC include Kent Janzon, Hans-Joachim Krause, Katja Janzon and Nicola Meyer. The group also owns The Palms Hotel and Spa at 3025 Collins Avenue.
In the smaller hotels in particular, Heskiel said that “the food and beverage components sometimes make up 50 percent of sales,” citing Freehand Miami and its Broken Shaker Bar and Lounge as an example.
Buyers, he said, will “pay good prices on hotels in good areas because they can count on F&B revenues.” In the case of Circa 39, Heskiel said the buyers “will redesign the F&B and courtyard to make it a destination for other hotels in the north of Faena district, such as Broken Shaker in the south.”
Around 39 is the former Copley Plaza Hotel. The three-story Art Deco building was built in 1940 and designed by architect Albert Anis.
Courtesy photo Circa 39
Postcard courtesy of Florida Memory, State Library and Archives of Florida, circa 1941