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.

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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.

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The company, in partnership with American Express, will donate up to 1 million hotel roomnights across the United States through May 31.

Moves include accessing an additional $100 million on the company’s $250 million senior revolving line of credit and cost containment.