The Delano hotel in Miami is currently owned by Eldridge Industries.
Current Ownership
Eldridge Industries, a private investment firm, holds the ownership of the iconic Delano South Beach hotel. This acquisition places the historic Miami Beach property within their diverse portfolio, which includes interests across finance, media, real estate, and technology.
A History of Ownership Transitions
The Delano hotel, a prominent landmark known for its Art Deco architecture and vibrant history, has experienced several changes in ownership throughout its existence. Following a significant restoration completed in 1994, the hotel has changed hands multiple times, a common occurrence for high-value properties in the dynamic hospitality sector.
- Post-1994 Restorations: Since its revitalization in 1994, the hotel has seen various entities take the helm, each contributing to its ongoing legacy. These transitions reflect the evolving market and strategic investments within the luxury hotel industry.
- Eldridge Industries' Acquisition: Eldridge Industries now stands as the latest owner, underscoring its commitment to strategic real estate assets and the hospitality sector. Their ownership signifies a continued investment in maintaining the Delano's status as a premier destination on Miami Beach.
Significance of the Delano Hotel
The Delano hotel is more than just a property; it's a cultural icon in Miami Beach. Its ownership by a firm like Eldridge Industries highlights its enduring value and appeal.
- Architectural Heritage: Designed by Igor Polevitzky and later famously revamped by Philippe Starck, the Delano remains a masterpiece of Art Deco design.
- Luxury Hospitality: It continues to be recognized for its unique blend of classic elegance and modern luxury, attracting a discerning clientele.
- Strategic Location: Its prime location on South Beach ensures its prominence in the competitive Miami hospitality market.
The current ownership by Eldridge Industries reflects the ongoing interest in preserving and evolving this significant part of Miami's landscape.
