Change is on the Horizon for Guests and Residents of Marquis Residences
A few weeks ago, it was reported that Africa-Israel USA, the developer of Marquis, had sold the lower 15 floors of the luxury high-rise to CGI Merchant Group (CGI), a Miami-based investment and asset management firm, for $37.5M. The sale included the Casa Moderna Hotel and Spa, Amuse Restaurant and Lounge, 5,700 square foot retail space, parking garage, and the 14 townhomes that are situated around the pool.
Above, you will find the official notice from the Marquis Condominium Association advising building residents of CGI's acquisition. It states:
The Miami Marquis Condominium Association and KW Property Management is proud to announce the sale of the hotel portion of the Marquis Residences.
CGI Merchant Group, a Miami-based investment and asset management firm, has acquired the lower 15 floors of the Marquis tower including the first floor "gallery" space, parking garage, spa and 14 townhomes.
CGI is planning to transform and re-brand the hotel, joining in partnership with an internationally renowned, 5 star hotelier, soon to be announced.
Plans call for extensive renovation and upgrades to include converting the townhomes into full-floor hotel suites as well as major improvements to the pool deck and gym amenities. Hotel renovations will include additional luxurious suites and a vibrant new restaurant and event space.
An elegant entrance to the front of the property accommodating the hotel and "gallery" space directly off Biscayne Blvd. will also be included as part of the upgrade.
The Marquis Condominium Board has worked diligently alongside CGI to support the sale while strengthening the relationship by negotiating to have a Condo Board Member represent condo owners at the master level. This opportunity provides direct feedback from the membership while promoting transparency for all parties involved.
The Marquis Condominium Association welcomes the long overdue improvements and amenity upgrades and looks forward to a long-term partnership with the CGI Merchant Group.
More information will be announced within the next couple of weeks. CGI is planning a "Meet and Greet" to detail the improvements and answer questions from the residents.
Marquis Condominium Association
My guess is that one of the first questions asked by residents during CGI's upcoming "Meet and Greet" will pertain to valet parking. Currently, valet parking is free for resident guests. Will the transition to new ownership mean an end to this long-time practice? Also, how long will it take for improvements to be completed? Sounds like the pool and gym may be closed for a long period of time.
I hate to ruin surprises, but "rumor" has it that the hotel will be operated by "Me by Meliá", which is a luxury hotel brand of Meliá Hotels International with its roots in Spain. I have also heard that The Darby, a popular restaurant and lounge from New York City, will open its first Miami location at Marquis.
On a side note, I was told earlier today that moving forward only owners will be permitted to have a pet at Marquis Residences. Sorry renters, but you are out of luck...once again!