the Nakash family, owners of the former Versace Mansioncomplete their collection of Art Deco hotels in Miami Beach with the purchase of The Orchid House Hotel to 1350 Collins Avenue for $6 million, according to brokers.
The 1930s boutique hotel spans just 6,340 square feet and sits in the center of the South Beach resort district. The hotel includes three villas, a courtyard, a swimming pool and a garage for two cars.
The Orchid House doesn’t have as glamorous or macabre a history as the old Versace Mansion (Gianni Versace was shot on its steps in 1997), but both houses were designed by the same man, architect Wallace Tutt .
The Versace Mansion, located on famous Ocean Drive and known for its Mediterranean revivalist architecture as well as its history, now operates as a hotel under the name Casa Casuarina. It attracts millions of tourists every year and is in fact the third most photographed house in the United States, after the White House and Graceland. according to vogue.
Joe Nakash former outbid President Donald Trumpthe son Eric to win the property at a bankruptcy auction for $41.5 million in 2013, the South Florida Business Journal reported at the time. Nakash failed to secure the Versace naming rights as he initially hoped.
Nakash is an Israeli-American businessman who founded Jordan Companies, a global apparel company. The family is known locally in Miami for owning several Art Deco hotels.
The Orchid House hotel can be converted into a private club or a residence, depending on Lee & Associateswho brokered the deal. Matthew Rotolante and Rodrigo Calderon negotiated on behalf of the Nakash family.
“This transaction is another example of the strong national collaboration that separates our company from its peers,” Rotolante said in a statement. “This property offers the buyer another beautiful Art Deco hotel to complement their existing neighborhood portfolio. Opportunities to acquire gems in the heart of South Beach like this don’t come along often.
Marc Hallum can be contacted at [email protected].
Chava Gourarie contributed reporting.