Miami Beach Hotel That Hosted the Beatles Is Demolished for an $800 Million Real-Estate Sale
A Miami Beach hotel that was once home to the Beatles on their final night in the city is now for sale, and would sell for over $800 million. According to real-estate data, the 1,160-room property, called the Beach House in the 1960s, is one of the most expensive to sell and is the third-most-expensive property in Miami Beach to sell, with each home selling for over $2.9 million.
An architect for a proposed luxury condominium in the Beach House, John Reeder, told the Miami Herald that the building needed to be completely remodeled, and would go through a $800 million construction process. The property, which sits on the south side of Ocean Drive, has been on the market since 1996 and is considered to be out of financial reach for the buyer.
One of the last properties that the Beatles performed at is now for sale. According to the Miami Herald, a man named David Brunsberg has purchased the 1,160-room Beach House, and is offering it for $800 million:
“I’m trying to turn it into the only concert history this city has,” said Mr. Brunsberg, who lives in nearby Sunny Isles Beach. He said he hopes to get the property for $300 million.
Mr. Brunsberg, 54, said he met with Mr. Geller, the owner of the Beach House hotel, and had an agreement to acquire the property. The seller, Mr. Geller, and his wife, Barbara, said he would pay $400 million for the property, but would need to recoup the money through improvements to the hotel.
Brunsberg plans to rebuild the hotel in a way that would allow him to use a “luxury condo” as a base from which to operate luxury hotels. He planned to turn the hotel