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April 18, 2005
Angler's condo-hotel

Despite my recent criticism against the condo-hotel formula, EWM has sold the rundown Angler's Hotel located at 634 Washington Avenue for a record $5 million to a group led by entrepreneurs Gregg Covin, Kevin Venger, and Michael Capponi.

Home to vagrants and shady figures, this old pink hotel has long been an unfriendly neighbor for local residents and business owners along the main drag in Miami Beach. As if that was not enough, in recent years the property was locked into a lengthy litigation, which all but prevented any possibility of restoring the buildings" says hotel broker Jeff Cohen of Esslinger • Wooten • Maxwell, who handled the transaction.

Miami architect, Alan Schulman, will design two new buildings to the complex, which will comprise 55 fully furnished resort residences, ranging in size from 460 to 1,070 square feet, including 15 two-story townhomes.

J. Wallace Tutt III, famous for turning Gianni Versace's mansion into a Miami landmark, is coming back from his retirement to attach his signature to the Anglers' interiors.

It's a good location for a condo-hotel. The Bentley Beach is nearby and they're making a strong go of it.

Here is a list of condo-hotels in Miami.

When the project materializes, these are my suggestions:

-Don't charge an arm and a leg
-Tie in promotions with local vendors
-Provide great customer service
-Provide free wireless Internet access.
-Provide free breakfast
-Think about repeat business.
-Think about word of mouth
-Make yourself accessible
-Be realistic about market conditions
-Create a community
-Start a blog

Gapingvoid says...

"There’s only one thing harder than starting a new business: Re-inventing an old one.

Angler's condo-hotel in Miami Beach 411's Real Estate News section.

Posted by Gus on April 18, 2005 07:31 AM


I agree with you the way you view the issue. I remember Jack London once said everything positive has a negative side; everything negative has positive side. It is also interesting to see different viewpoints & learn useful things in the discussion.

Posted by: penis at October 5, 2005 09:08 PM

I think $5 million for the Angler's Hotel is a good deal (considering the net revenues it can generates in few months)

Jim :)

Posted by: Cheap Hotel at August 20, 2005 02:50 PM

I am hoping that you can help me or give me advise> I need to find out the owner's of the Angler's Hotel in the 1940's. I believe my father Emanuel Lindner was one the owner's, but after he died in 1949 I have no idea what happened to his ownership. I would appreciate any help you can give me I am really hoping yhou can help.

Thank you very much, Miriam Lindner Goodman
email address is

Posted by: Miriam Lindner Goodman at May 19, 2005 11:53 PM
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