Ritz-Carlton will start managing the One Bal Harbour Resort & Spa on Oct. 2, making the 124-suite property the operator’s 10th in Florida.
No major refurbishing or renovations to the 18-story tower, located at 10295 Collins Ave., will be required for the transition. It will be known as the Ritz-Carlton Bal Harbour.
The Lionstone Group and Flag Luxury Group, owners of the Ritz-Carlton, South Beach, are acquiring the Bal Harbour hotel in a transaction scheduled to close Oct. 2. They are buying the property from One Bal Harbour Hotel Facilities, an entity owned by the One Bal Harbour Residential Condominium Association.
Financial details about the acquisition have not been disclosed.
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The resort’s amenities include a swimming pool, luxury cabanas with private hot tubs, a restaurant, pool bar and eatery and a 10,000-square-foot spa.