Recently Renovated Delano Hotel in South Beach Listed at Roughly $200 Million
Morgans Hotel Group has placed the iconic South Beach Delano Hotel on the market.
Morgans Hotel Group has placed the iconic South Beach Delano Hotel on the market.
Just this past March a $10.8-million renovation project was completed at Delano that included a makeover for the Bianca restaurant. The 195-room hotel is listed for around $200 million, or roughly $1 million per room. For comparison, the 1500-room Fontainebleau Miami Beach was appraised earlier this year for $1.1 billion or about $731,000 per room.
Last year, Morgans sold the Mondrian Los Angeles for $137 million.
Latest from Haute Living
Dining
23 of the Hardest Restaurant Reservations in America — And the One Booked Through 2030
Top Main Featured
The Billionaire Bucket List for 2027 Includes a $100,000 Trip Fewer Than 500 People Take Each Year
City GuideLondon
The London EDITION Is Still One of Fitzrovia’s Best-Kept Open Secrets
Fashion