Corendon Buys Two South Beach Hotels on Collins Avenue
Dutch-Turkish hotel group Corendon bought two Collins Avenue hotels in South Beach, its first U.S. property. Price and seller are undisclosed.
Corendon Hotels & Resorts, the hotel arm of the Netherlands-based Corendon travel group, has acquired two Art Deco hotels on Collins Avenue in South Beach. The Real Deal reported the purchase on Oct. 9, and the law firm Foley & Lardner announced it had represented the buyer.
The hotels now operate as Corendon South Beach Miami and Corendon Beach Plaza – South Beach Miami. Neither source gives a price, a seller or street addresses, and we are not guessing at them.
Why it matters
Corendon is best known for tour operations, an airline and resorts in Europe, Turkey and the Caribbean. Foley says the deal brings the Corendon brand to the United States for the first time. A buyer with its own airline and tour channels is a different kind of owner for small Art Deco hotels, which are usually sold between local and U.S. investors.
Foley also helped Corendon set up a domestic hotel management company so it can self-manage the properties. That points to a long-term operating plan rather than a quick resale, though the firm has not said so.
The numbers
The public record is thin. Foley’s release discloses no sale price, and The Real Deal’s account, which we could not read in full because the outlet blocks automated access, is the only other public description of the deal.
We searched Miami-Dade records for a recorded deed since Sept. 1 and found none. That means the deed has not yet been recorded, or it was filed under an entity name we could not match to Corendon. Until a deed posts, the price, the seller and the buying entity stay unconfirmed.
What’s next
The recorded deed is the document to watch, since it will carry the buying entity and, through documentary stamp tax, a likely price. Any mortgage filed alongside it would show how Corendon financed the purchase.
Other open questions are whether Corendon plans renovations that would need City of Miami Beach historic preservation board review, and whether this is the first of several U.S. buys. Both would be visible in permit and board agendas. We will report the deed when it records. For more on regional deal flow, see our South Florida coverage.
On the record
What we checked ourselves, and where you can check it too.
- Public recordFoley's October 2026 announcement names the two rebranded hotels, says the deal brings the Corendon brand to the U.S. for the first time, and discloses no price, seller or street addresses.View the record on foley.com