Tag Archives: SLS Brickell

SLS Brickell Hotel

Strategic Real Estate Moves by Qatar’s Royal Family in Miami’s Financial District

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SLS Brickell Hotel

In a significant real estate transaction that has captured the attention of the global financial community, members of Qatar’s esteemed royal family, the Al Thanis, have divested their interests in the SLS Brickell hotel, located in the heart of Miami’s bustling financial district. The property, which stands as a testament to luxury and opulence, was acquired for a sum of $55 million by the Kastrati Group, a conglomerate with Albanian roots.

The SLS Brickell, an architectural marvel situated at 1300 South Miami Avenue, encompasses 124 rooms, translating to a valuation of approximately $444,000 per room. The transaction was facilitated by Miami’s renowned broker, Jordan Karp, who represented both the Al Thanis and the Kastrati Group. Stefano Santoro, a notable figure in the disruptive real estate sector, played a pivotal role in assisting Karp from the buyer’s side. However, the brokers have maintained discretion regarding the intricate details of the buyer’s identity.

This acquisition is particularly noteworthy as it marks the Kastrati Group’s inaugural venture into the U.S. real estate market. Under the leadership of Shefqet Kastrati, the conglomerate boasts a diverse portfolio, spanning sectors such as oil, insurance, construction, and infrastructure.

The SLS Brickell’s history is as intriguing as its architecture. In 2018, an affiliate of the Al Thanis procured the hotel for $43 million from its original developer, the Coconut Grove-based Related Group. The hotel, a 54-story mixed-use edifice, was conceived by the visionary French architect Philippe Starck in collaboration with Miami’s own Arquitectonica. Its offerings include a sprawling 58,000 square feet of event space, gourmet restaurants, upscale bars, a rooftop pool terrace, and grand ballrooms. The management of the hotel is under the aegis of Accor Hotels, a global leader in the hospitality sector.

The real estate landscape of Miami continues to evolve, with the Al Thanis recently divesting an SLS Brickell restaurant space, which was acquired by Robert Rivani’s Black Lion Investment Group for $10 million. Furthermore, the Related Group, in partnership with the Allen Morris Company, has also developed the nearby SLS Lux Brickell Hotel & Residences.

In a broader context, the Miami real estate market has witnessed several noteworthy transactions. Michigan-based hoteliers Malik Abdulnoor and Sahir Malki recently invested $21 million in the Hampton Inn Fort Lauderdale/Plantation. Additionally, the Nakash family from New York, in collaboration with Michael Palmer, acquired the Beacon South Beach Hotel in Miami Beach for $23.5 million.

For hedge fund managers and investors, these transactions underscore the vitality and potential of the Miami real estate market, offering lucrative opportunities for those with a keen eye for value and growth.

SLS Brickell Hotel

Miami Welcomes Mexico’s RosaNegra’s First US Restaurant-Opening Spring 2024

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RosaNegra to Open at SLS Brickell

Commercial real estate mogul, Robert Rivani is set to launch Mexico-based restaurant RosaNegra, with its first-ever US debut in Miami.

When it came time to choose a top international name to anchor the restaurant in style and hold its own on the city’s dining scene, Rivani looked no farther than his 13,634 square foot ground-floor spot at the SLS Brickell Hotel and Residences at 1300 S. Miami Ave. in Miami.

According to Rivani, the José Andrés restaurant that had previously occupied the location closed, leaving the area vacant and empty for some time.

Visitors to some of Mexico’s most popular tourist sites, such as Tulum, Cabo, and Cancun, will be familiar with the moniker RosaNegra. The restaurant’s blend of excellent cuisine and a vibrant, nightclub-like atmosphere ought to blend seamlessly in Miami.

A total of 4,634 square feet of outdoor space will be added to the over 1,400 square feet of indoor space, continuing with the RosaNegra brand’s theme of “Day of the Dead meets the Four Seasons.”

Food from Peru, Argentina, Colombia, Brazil, and Mexico will be the main focus of RosaNegra’s menu. A superb wine list is cultivated with the same attention to detail that goes into making cocktails. Live music and a resident DJ complete the club atmosphere.

The restaurant is still in the design, planning, and permitting stages; it is scheduled to open in the spring of 2024. Because a restaurant had previously operated in the location, the operational infrastructure, such as the appliances in the kitchen, is already largely in place, which makes the process easier.

The 33-year-old Rivani has already made a significant impact on the Miami nightlife scene and with the Accor-owned SLS brand. Rivani made his first significant income selling vintage sneakers when he was still in his teens. The Japanese-inspired Gekko at the sibling property, the SLS LUX Brickell Hotel & Residences, at 805 S. Miami Ave., is one of numerous well-known eating tenants and a genuine hot place nearby. The fact that Puerto Rican hip-hop star Bad Bunny invested in Gekko didn’t hinder its success.

Downtown Miami

Top 10 New Year’s Eve Celebrations in Miami 2022

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Downtown Miami

Miami is known for a lot of things and that includes a good time. Whether you’re coming from somewhere cold to celebrate New Year’s Eve in Miami, or you’re a local looking for a memorable night, this top 10 New Year’s Eve events is for you!

The Masquerade at DAER

This is one New Year’s Eve party you should dress up for. For “The Masquerade,” visit DAER at The Guitar Hotel – Seminole Hard Rock Hotel & Casino. For $100, you’ll get access to all three venues (DAER Dayclub, DAER Nightclub, and Rooftop Live), as well as an open bar from 9 p.m. to midnight. Tickets begin at $100, and tables begin at $2,000.

Bayfront Park

Celebrate New Year’s Eve for free at Bayfront Park! Every New Year’s Eve, thousands of people of all ages flock to the park for live performances and fireworks on the bay. Of course, you could ring in 2023 the Miami way: with VIP tables. Reservations required.

Fontainebleau Miami

Marshmallow and Khalid will ring in the new year at the Fontainebleau. Admission is $250 per person and includes a premium open bar. There is also a family experience area, so you won’t have to leave the kids at home. Of course, there are tables on tables and cabanas on cabanas, so start that group text and round up the crew. Ticket and package prices begin at $250.

Dreamland NYE

Dreamland is Miami’s premier LGBTQ+ New Year’s Eve celebration. From December 29 to January 1, you can dance the day and night away to the sounds of Purple Disco Machinen and Sofi Tukker from South Beach to Wynwood. LP Giobbli, Danny Verde, and Matt Denton will perform euphoric, house, and electro-pop sets at the M2 New Year’s Eve party. Dates, locations, and prices vary.

Magic City

Celebrate the New Year with Magic City Hippies at the North Beach Bandshell! Doors open at 7pm, after which Miami’s hometown psyche-funk band, Cannibal Kids, and another band to be announced, will take the stage. Tickets begin at $36.

W Miami

Dance the night away under the stars at New Year’s Eve Electric, which includes a four-hour premium open bar, local DJs, and a variety of VIP packages to ring in the new year in style. From $175.

SLS Brickell

SLS Brickell’s vintage aviation-themed party, but Laidback Luke will be performing all night on the 9th floor pool deck, surrounded by stilt walkers, aerialists, and fire dancers. General admission is $75, but for an additional $75, you will have access to an open bar until 11:30 p.m.

Starlight at Hyde Beach

After enjoying the tasting menus at Bazaar or Katsuya, head to the pool deck for MK’s euphoric DJ set with live performers and more under the stars. General admission tickets start at $175 and include an open bar from 9 p.m. to midnight.

Bagatelle

Bagatelle may not have a ball drop, but you can dance until you drop at their New Year’s Eve Disco Club. To ring in the New Year, imagine mirrored balls, neon lights, fringe, and plenty of champagne, all preceded by a French Mediterranean feast.

Carousel Club at Gulfstream Park

Here’s another budget-friendly New Year’s Eve party. The doors to this Aventura hotspot celebration open at 6 p.m., and there will be cocktails, bites from Los Altos Taqueria, La Traila Barbecue, and Spris Artisan Pizza, as well as music from day to night. Admission is free until 10 p.m., then $35.

Gekko Brickell Restaurant

New Japanese Steakhouse Coming to Brickell by Bad Bunny and David Grutman

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Gekko Brickell Restaurant

Bad Bunny is partnering with David Grutman and his hospitality group, Groot Hospitality, to open a new Japanese steakhouse known as Gekko. Coming this July to Miami’s Brickell, Gekko will be located under the SLS Lux tower at 801 S. Miami Avenue where Katsuya is currently located.

Its menu will feature prime cuts and various Wagyu beef dishes with dashes of Korean BBQ spices. Guests may also expect sophisticated table-side culinary displays, such as flame-seared steak courses, as well as traditional Japanese fare including a full sushi menu and a six-seat omakase bar.

Gekko’s design will be created by The Rockwell Group, and will have “luxurious-yet-contemporary” graphic wall coverings, jewel tones, light and natural wood accents, and seating for 185 guests. On the very colorful and Instagrammable South Miami Avenue area, the location is located on the northwestern ground floor portion of the SLS Lux Brickell tower.

Gekko will join Grutman and Groot Hospitality’s ever-expanding Miami restaurant portfolio, which already includes Papi Steak, Komodo, and Key Club, as well as Swan and Strawberry Moon, his two restaurants with Pharrell Williams.

The Japanese word “Gekko” means “moonlight,” which is appropriate for a city known for its nightlife. It’s also a double entendre reference to Michael Douglas’ famous Wall Street character Gordon Gekko. “On the day we were deciding on a name, Bunny was smitten with ‘Gekko. That night, I watched a Carl Icahn documentary,” Grutman says. “It all came together, and we had it.”

SLS Brickell’s Jose Andres & Michael Schwartz Cheffed Restaurants Are Taking Fall Reservations

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Bazaar Mar by Jose Andres

SLS Brickell Hotel & Residences’s two big-name, celebrity-chef-overseen marquee restaurants are both set to open this fall, at about the same time that the rest of that residential and hotel tower built by the Related Group and managed by SBE debuts.

SBE Group has just begun accepting reservations on OpenTable for Fi’lia, an Italian restaurant created by Miami-made Chef Michael Schwartz beginning October 15th, and Bazaar Mar,  a seafood spectacular by big-time celeb-u-Chef Jose Andres, beginning Tuesday November 15th. The mid-Fall timing coincides logically with the first opening month or so of Miami’s high-season, when we’re getting lots of global attention but everyone in the world hasn’t arrived yet. Sounds like the perfect time to open a restaurant.

F'ilia by Michael Schwartz.

F’ilia by Michael Schwartz.