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South Beach Group Purchases the Former Croyden Arms
in Mid-Beach Miami, Florida for $6.75 Million

Plans for a $15 Million Renovation of the Circa 1937 Vacant Building

MIAMI BEACH, Fla.- April 17, 2012 --South Beach Group hotels owner, Alan Lieberman, is expanding his boutique hotel empire to Mid-Beach – the area known as Fontainebleau and Eden Roc territory.

“Mid-Beach is just as gorgeous as its more famous sibling, South Beach,” said Lieberman. “I want to provide outstanding, affordable accommodations in an area that is known for its exclusivity.”

With the property’s close proximity to famed Millionaire’s Row, South Beach Group’s latest purchase will soon be the go-to vacation spot for people searching for more than just partying 24/7 in South Beach.

The Croydon Arms featured in an original 1940s postcard. (Graphic: Business Wire)

The vacant hotel building at 3720 Collins Ave. was purchased for $6.75 million and a planned $15 million renovation of the property, which was built in 1937, is to follow.

Lieberman is continually on the lookout for well-located properties and is currently looking into purchasing his first ocean-front property in the immediate area surrounding Croydon Arms.

About South Beach Group Hotels:
The South Beach Group is an established boutique hotel chain in Miami, known for trendy hotels at affordable prices. With options ranging from a simplistic economy-style room, to a full-fledged extravagant suite, the South Beach Group can cater to the preferences of any given traveler. South Beach Group’s properties are located in the heart of Miami Beach and provide guests with complimentary shuttle service to and from Miami International Airport, a nightly courtesy cocktail hour, free Wi-Fi, and VIP club passes to the hottest venues in South Beach.

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The South Beach Group
Christina Grate (Public Relations Director)
305-535-8284 x 3017

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