The newly updated Marlin Hotel in South Beach has hit the market asking $21.9 million.
After adding 19 rooms, the boutique hotel now offers 33 keys and was once the home to South Beach Studios, which housed the recording of top musicians like Bob Marley, Jay Z, Aerosmith, U2, and Pharrell Williams.
"As a former operations director for The Ritz-Carlton, I can confidently say that the Marlin Hotel offers a luxury guest room product that rivals any high-end, full-service hotel accommodation," said listing agent Jason Zarco of EWM. "Not only does the property’s recent renovation put it at the top-tier of its class in the South Beach boutique hotel world, but the hotel, as a whole, is a lucrative draw for any investor…being ideally located within the epicenter of one of Miami Beach’s most outstanding and vibrant enclaves."
Located at 1200 Collins Avenue, the three-story hotel was built in 1939 by L. Murray Dixon and features an Art Deco exterior. It was last sold in April 2015 before its multi-million-dollar renovation.
Upgrades were made to all guest rooms and suites, the lobby, restaurant, and other public areas while the hotel added contemporary furnishings, wood flooring and new color palettes.