Theyre smart, theyre well funded and they certainly have a interest in keeping the beach going long term, he said.
With plans to make some improvements at the Shelborne and major renovations in store for the Bentley this year, Menin Hotels is also working on several new projects some pending selection by county or city entities that would likely appeal to an even broader mix.
In partnership with developers Dan Staton and Marc Bell, the cousins hope to open a new 100-suite flagship hotel called Market Lincoln Lane as part of a larger project just off Lincoln Road. The citys process to choose a team to develop that site is on hold while a convention center redevelopment project is selected.
Hopefully itll get reignited soon, said Staton, who said he struck a deal to work with Menin Hotels after being impressed with the groups professionalism.
Im pretty picky, Staton said.
He said there are key questions to consider when working closely with another group: Do you have chemistry, do you have respect, do you think the same way, not cut corners? Thats really what it came down to.
The Atlanta project, still in the conceptual stage, would also be a Market hotel, and the company plans to expand that brand into a chain of lifestyle hotels.
Bids have been submitted for the airport project, which would involve operating the hotel and associated restaurant and bar in Miami International Airports Concourse E. An airport spokesman said a selection committee meets next month for the first time, and a recommendation wont go to the Miami-Dade County Commission until September at the earliest.
Jared Galbut said the hospitality group would try to capitalize on connections with beach properties at the airport hotel while improving rates and occupancy.
By 2015, the company expects to open Hotel Bancroft at 1501 Ocean Dr., a refurbishment of a onetime hotel and, more recently, mixed-use space with a nightclub that is expected to cost another $25 million. And next to the just-purchased Radio Bar at 814 First St., so named for the giant radio tower in the back, they are building a parking garage and an Asian restaurant called Red Ginger for an investment of about $30 million. In a twist on the trend of taking land-based restaurants to sea, Red Ginger was inspired by a restaurant on two ships in the Oceania Cruises fleet.
Over time, the company plans to grow existing concepts including Pizza Bar, Red Ginger and Drumbar. Radio Bar, a former pop-up, boasts Pizza Bar food and a cocktail menu crafted by Drumbars mixologist.
Oceania Cruises founder Frank Del Rio knows the extended family well and said they are using the Red Ginger name with my enthusiastic blessing. Russell Galbut was an early investor in the cruise company and remains a major shareholder and a member of the board of parent company Prestige Cruise Holdings.
Del Rio said the cousins foray into hospitality doesnt surprise him at all.
Apples dont fall far from trees, as they say, he said. If youre living in Miami Beach, the hotel industry is staring at your face every day. If youve got the DNA in your blood and youve got the available capital and you went to Cornell Hotel School, the next step is Im going to start a hotel company, and thats what Keith did.
Del Rio said he thinks the company has staying power. If youve been to their restaurants, been to their hotels, its a young hip vibe, but one thats not so trendy that its here today, gone tomorrow, Del Rio said. Its got roots.