Circa 39 Lodge in Miami Seaside Sells

A joint enterprise of AMS Hospitality Group and Black Salmon has obtained Circa 39, a…

A joint enterprise of AMS Hospitality Group and Black Salmon has obtained Circa 39, a 97-home hotel at 3900 Collins Avenue in Miami Beach.

Miguel Pinto from Apex Money Realty and Samuel Heskiel and Marilina Apfelbaum from Beachfront Realty’s Industrial Division brokered the deal. Heskiel mentioned the sale rate was $26.5 million.

According to Miami-Dade County house documents, ThirtyNine Collins LLC obtained the home for $8.1 million in 2008. The LLC’s associates include Kent Janzon, Hans-Joachim Krause, Katja Janzon, and Nicola Meyer. The team also owns The Palms Lodge and Spa at 3025 Collins Avenue.

Heskiel reported in the more compact hotels, specifically, “the meals and beverage components at times account for 50 per cent of the income,” citing Freehand Miami and its Damaged Shaker bar and lounge as an case in point.

Potential buyers, he reported, will “pay good costs for hotels in fantastic locations simply because they can bank on the income of F&B.” In the scenario of Circa 39, Heskiel reported the customers are “going to revamp the F&B and the outdoors courtyard in purchase to make it a desired destination for other inns in the north of the Faena District, like Damaged Shaker is to the south.”

Circa 39 is the previous Copley Plaza Hotel. The three-story Art Deco developing was manufactured in 1940 and created by architect Albert Anis.

Photograph courtesy Circa 39

Postcard courtesy Florida Memory, Point out Library and Archives of Florida, circa 1941