Canyon Ranch Miami Beach
Two former Lehman Brothers executives have purchased the Canyon Ranch Hotel & Spa Miami Beach and the next door Golden Sands hotel site, Curbed reported, citing an unnamed, “insider” resident.
Calls to Lehman Brothers were not immediately answered. A spokesperson for CBRE, the brokerage handling the listing, was not able to confirm Curbed’s claim.
A subsidiary of Lehman Brothers Holdings, the estate of the bankrupted Lehman Brothers bank, put Canyon Ranch Hotel & Spa Miami Beach on the market along with its next-door neighbor, the development site of the long-shuttered Golden Sands hotel, earlier this week, as The Real Deal previously reported.
Curbed reported the sale price of the Golden Sands site, which won approval for a condo development, at $9 million, and said the price of the Canyon Ranch resort was unknown.
While still engulfed in bankruptcy, Lehman Holdings ended up owner of Canyon Ranch, the swanky condo-hotel with a 65,000-square-foot spa, after developer Eric Sheppard defaulted on more than $200 million in loans. [Curbed] — Emily Schmall
via The Real Deal Miami http://feedproxy.google.com/~r/trdnews_miami/~3/mQbVLgsGIqU/
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