Starwood Capital Group, the LeFrak Organization, and Invesco have teamed up to purchase the Gansevoort in Miami, now known as the Perry South Beach. The consortium plans to inject $100 million into an extensive refurbishment; the hotel is expected to re-launch in late 2013 with a new brand. The property currently features 334 guestrooms; 255 condos; expansive retail space; three outdoor pools, as well as a rooftop pool and lounge offering sweeping ocean views; multiple F&B outlets; and a private beach.
