The Art Deco-style Traymore Hotel in South Beach is for sale, with Jones Lang LaSalle representing seller Steep Rock Capital, according to GlobeSt. “This is one of those quintessential deco buildings on South Beach, which in and of itself is relatively unique,” said Gregory Rumpel, managing director at Jones Lang LaSalle. According to Rumpel, the hotel came out of service in 2006 and 2007, was “torn apart,” and was never put back together. “This is important for the City of Miami Beach.” The 91-unit hotel was built in 1939, and has received Historic Preservation Board Approval. [GlobeSt]
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