Miami's Marlin Hotel sold for $9.5M

The Marlin Hotel, a 1939 fixture of South Beach Miami, was sold to a new unidentified owner.

Associates with EWM Realty International brokered the $9.5-million deal.

The boutique hotel at 1200 Collins Ave. has long housed South Beach Studios, where artists such as U2, Aerosmith, Bob Marley, Jay Z and Pharrell Williams have recorded. Record producer Chris Blackwell, founder of Island Records, is a former owner of the property who installed the studio; he sold it in 2004.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The hotel last traded in 2009, when Brazilian retail developer Mario Valadares da Costa purchased the site for $5.5 million. He renovated the property in 2011.

Suggested Articles

DTZ Investors has purchased the property along with other real estate for more than £70 million.

The company will sell an approximately 5 percent stake in the Shanghai-based hotel operator and franchisor for a nine-figure sum. 

Over the span of a few weeks, four hotels—three Marriott brands and a Cambria Hotel—have opened in the Phoenix area.