Westgate Resorts South Beach Owners Take Note....3611 Collins Avenue Miami Beach Sale Closing Extended through June of 2023 with Potential Buyer???

Fellow Owners of Westgate Resorts South Beach Please be Aware That our Board of Directors has extended the Potential Closing?? of our Deeded Property an additional 6 months until June of 2023...We have been told that the supposed contract?? we have for the purchase ofWestgate South Beach is with the owner of the Patrician/All Seasons Condos just to the North of Our Property (3621 Collins Ave) which I am assuming is now Opera Acquisitions LLC (Read Further Below). Because of this delay and any unforseen issues with the buyer we may very well have to pay for additional maintenance, taxes, and operational fees going forward...Much as the The All Seasons condo association had litigation pending against the debtors in Miami-Dade County Circuit Court, I strongly believe we may need to secure Legal Counsel to make sure we are not being scammed or misled in any way. As our Property has been deemed uninhabitable, the thought of paying additional for a property we are unable to use, transfer, or bank is a bitter pill to swallow especially after giving permission for the Board of Directors to Sell Our Property swiftly with the promise of a return on our Investment in early 2023...Appreciate hearing back from anyone with additional information and/or interest in taking the necessary pro active measures moving forward...Kind Regards, Jack Cecil

Miami Beach condo-hotel units sold out of bankruptcy, renovations planned Sep 1, 2021, 11:41am EDT Google Streetview The Patrician Hotel at 3621 Collins Ave. in Miami Beach. A large portion of the condo-hotel units in the Patrician Hotel, also called the All Seasons Condo Hotel, were sold out of bankruptcy to set up the redevelopment of the Miami Beach property. Built in 1937 at 3621 Collins Ave., the 106-unit building has been closed since 2018, when the city shuttered it following an elevator fire. On Aug. 27, U.S. Bankruptcy Judge Robert A. Mark approved the sale of 24 condo-hotel units in the building for $6.48 million to Opera Acquisitions LLC, managed by attorney Valerio Spinaci in Fort Lauderdale. This stemmed from the 2019 Chapter 11 reorganization filing by unit owners Patrician Hotel, 3621 Acquisition, All Seasons 304 and Gaij.

In addition to this deal, Opera Acquisitions has more units in the Patrician Hotel under contract, Spinaci said. Once all of those deals close, it will own nearly 90% of the building, he said. “The plan is to begin to redevelop the property as soon as the acquisition is completed,” Spinaci said. “We believe we can create something very special on Miami Beach.” Spinaci said he’ll work with city officials to decide how to redevelop the building, as extensive work would be required because of the elevator fire and the historic nature of the building.

Condo-hotel unit owners in Chapter 11 The owners of 47 units in the All Seasons condo-hotel in Miami Beach are part of a joint Chapter 11 reorganization case. The affiliated debtors – Patrician Hotel, 3621 Acquisition, All Seasons 304 and Gaij – filed for bankruptcy in U.S. Bankruptcy Court in Miami. According to court documents, Simon Nemni is the “100% member” of all four debtors. Fort Lauderdale attorney Robert F. Reynolds, who represents the debtors, couldn’t be reached for comment. The debtors own a total of 47 units at the All Seasons, 3621 Collins Ave., which has a total of 106 units. The oceanfront building was constructed in 1937. The building is currently “uninhabitable” because of a fire, the debtors stated in the case summary. According to the filing, the debtors intended to buy every unit in the All Seasons and either redevelop the property or sell the building to a developer. They believe the building would be worth $36.5 million if sold in bulk. The All Seasons condo association had litigation pending against the debtors in Miami-Dade County Circuit Court. In addition, All Seasons Suites LLC had a pending lawsuit that claims Vagabond Group led the renovation of the Anatomy building at 3415 N.E. Second Ave., Miami. VAGABOND GROUP Patrician Hotel agreed to sell its 26 units for $1.4 million, but refused to close on the deal. Those cases were stayed by the Chapter 11 filing.

Fellow Owners of Westgate Resorts South Beach Please be aware That our Board of Directors has extended the Potential Closing?? of our Deeded Property an additional 6 months until June of 2023...We have been told that the supposed contract?? we have for Westgate South Beach purchase is with the owner of the Patrician/All Seasons Condos just to the North of Our Property (3621 Collins Ave) which I am assuming is now Opera Acquisitions LLC (Read Further Below). Because of this delay and any unforseen issues with the buyer we very well may have to pay for additional maintenance, taxes, and operational fees going forward...Much as the The All Seasons condo association had litigation pending against the debtors in Miami-Dade County Circuit Court, I strongly believe we may need to secure Legal Counsel to make sure we are not being scammed or misled in any way. As our Property has been deemed uninhabitable, the thought of paying additional for a property we are unable to use, transfer, or bank is a bitter pill to swallow especially after giving permission for the Board of Directors to Sell Our Property swiftly with the promise of a return on our Investment in early 2023...Appreciating hearing back from anyone with additional information and/or interest in taking any necessary pro active measures going forward...Kind Regards, Jack Cecil

Miami Beach condo-hotel units sold out of bankruptcy, renovations planned Sep 1, 2021, 11:41am EDT Google Streetview The Patrician Hotel at 3621 Collins Ave. in Miami Beach. A large portion of the condo-hotel units in the Patrician Hotel, also called the All Seasons Condo Hotel, were sold out of bankruptcy to set up the redevelopment of the Miami Beach property. Built in 1937 at 3621 Collins Ave., the 106-unit building has been closed since 2018, when the city shuttered it following an elevator fire. On Aug. 27, U.S. Bankruptcy Judge Robert A. Mark approved the sale of 24 condo-hotel units in the building for $6.48 million to Opera Acquisitions LLC, managed by attorney Valerio Spinaci in Fort Lauderdale. This stemmed from the 2019 Chapter 11 reorganization filing by unit owners Patrician Hotel, 3621 Acquisition, All Seasons 304 and Gaij.

In addition to this deal, Opera Acquisitions has more units in the Patrician Hotel under contract, Spinaci said. Once all of those deals close, it will own nearly 90% of the building, he said. “The plan is to begin to redevelop the property as soon as the acquisition is completed,” Spinaci said. “We believe we can create something very special on Miami Beach.” Spinaci said he’ll work with city officials to decide how to redevelop the building, as extensive work would be required because of the elevator fire and the historic nature of the building.

Condo-hotel unit owners in Chapter 11 The owners of 47 units in the All Seasons condo-hotel in Miami Beach are part of a joint Chapter 11 reorganization case. The affiliated debtors – Patrician Hotel, 3621 Acquisition, All Seasons 304 and Gaij – filed for bankruptcy in U.S. Bankruptcy Court in Miami. According to court documents, Simon Nemni is the “100% member” of all four debtors. Fort Lauderdale attorney Robert F. Reynolds, who represents the debtors, couldn’t be reached for comment. The debtors own a total of 47 units at the All Seasons, 3621 Collins Ave., which has a total of 106 units. The oceanfront building was constructed in 1937. The building is currently “uninhabitable” because of a fire, the debtors stated in the case summary. According to the filing, the debtors intended to buy every unit in the All Seasons and either redevelop the property or sell the building to a developer. They believe the building would be worth $36.5 million if sold in bulk. The All Seasons condo association had litigation pending against the debtors in Miami-Dade County Circuit Court. In addition, All Seasons Suites LLC had a pending lawsuit that claims Vagabond Group led the renovation of the Anatomy building at 3415 N.E. Second Ave., Miami. VAGABOND GROUP Patrician Hotel agreed to sell its 26 units for $1.4 million, but refused to close on the deal. Those cases were stayed by the Chapter 11 filing.