shore-club

The Shore Club in trouble?

Please say it isn’t so! The Shore Club is one of my fave getaways when Rick and I want to go out and venture to South Beach.  The chic atmosphere and people watching is beyond this world and for our friends that stay at the Shore Club Hotel when they are in town, the concierge services are top notch!

Of course we should have seen it coming when we went to review a mojito and found them to be less than desirable… (so much so that I couldn’t do the review and @mrmiamism took over!)

Mojito Review – The Shore Club Hotel – South Beach

According to Deidre Woollard from Luxist.com – The Shore Club Goes Delinquent On Its Mortgage:

Could we be seeing another hotel in trouble? The WSJ’s Developments blog says that The Shore Club in Miami Beach has gone delinquent on its $111.5 million securitized mortgage. The mortgage has a special server Cerberus Capital Management LP’s LNR Partners Inc. which has reported that father and son developers Philip and Michael Pilevsky had withdrawn a threat to close the hotel after the mortgage server agreed to fund basic expenses including payroll from the mortgage’s reserves. According to credit-research company Trepp LLC, the Shore Club’s mortgage is 30 days delinquent this month. The hotel also owes another $11.5 million in separate debt besides the mortgage.

The Morgans Hotel Group has been known to have their game on – so I hope to keep dining at Nobu and hope the pretty people don’t get displaced.

2 thoughts on “The Shore Club in trouble?

  1. AVOID THE SHORE CLUB!!
    My partner and I booked a night at this hotel and were greeted by a rude staff and a urine puddle on the floor in our room. When we approached the staff about it we were not offered a resolution and left the hotel. We have contacted the corporate office several times about this issue and the puddle has now been blamed on us. We were in the hotel for less than an hour and charged for a full stay.

    This is a horrible hotel. AVOID IT AT ALL COSTS! There are much nicer, cleaner, and friendlier hotels in the SOBE area for the same price if not less.

  2. Joshua, unfortunate experience to say the least. The hotel industry can be a tough one, but you figure that in this age of open communication and transparency, they would be more sensitive.

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