Last year the Perry Hotel, formerly the Gansevoort, was purchased for $230 million. The jointly held property has undergone a massive renovation to the tune of $100 million dollars. 1 Hotel will be open early next year and is Miami Beach’s first completely LEED certified hotel and residence development. This is the first location of this new hotel brand and while it will be ecologically minded, it will also be complete luxury and will rival the Setai or W. Additionally, the hotel will have residences for sale.
In its’ complete state the hotel will have 417 rooms and 163 residences. The pricing will be between $600,000 to $6 million. These prices make this property comparable to the listings available at the W Hotel and Residences. Everything in this property has been remodeled, so if you remember the Gansevoort or the Perry, erase it and rebuild. Some of the renovations include, new boardwalk, new balconies, new views, 4 new pools, and new lobby. Imagine the feelings of relaxation and fun of The Standard and add in more luxury and a prime South Beach location, and you would arrive at the 1 Hotel. For more information on this hotel as it develops check back with us!