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cD m p, tett• -• o,- co o •�e �, • x The Miami News erred i Tuesday and
C'0 'i c o ;°- 'mop m m m,; 5 a o O Thursday that the at Morri. - uilt the Eden '
r CD w b 0 E �'e -, �, cD r N Roc hotel in Miami Beacn. ua y, the late Harry
a m (4 5.:,,' m o 2le0o y o z to M Z Mufson, a founder of the Jefferson department store
- o CD w ° '' ` 0 ^o o w -+ '+ u, o chain, helped plan t�ib uilc tl ; el in 1954. In 1965. •
o-»,�' o.C$ 0,��m C, z c Cr E he sold his interest n,.:f•ito a group consist- '
o to y o $ ° cr w y c 0 91 m c� 0 ing of I..ansbttrgh. Samuel Cohen. Daniel Lifter and
moo =; f; c w, c '*o ° p•`< 7. ° F, Maurice Uchitel.
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• c Ao ,a) ,t, 0 COlitl'ot o Eden Roe Hotel
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By AL MESSERSCHMIDT about 33 per cent and Cohen and his
mm ee m o b W cr'* eo '*a '*o o o Herald Staff Writer partners own about 50 per cent of
.1p 0o -t ^• pman -•17,p, N .p
o• a c o c:; to.a o CD of ; a co c Nothing has changed at the Eden the Lansburgh group partnership.
w o» w y ° a,�, o w a o 0 Y a, O Roc,despite a court-ordered auction In 1973, the Lansburgh family
„ 0.'ill �� o o »o �,o 0 10 o o tic Wednesday to sell the debt-plagued sold the hotel to Howard and Barba-
� p, '? a w c o'd a w 7 a o a,m a m a Miami Beach hotel. ra Garfinkle, who assumed a $4.6-
n p, 5 =Do _xy,, o ra G, ( million mortgage. The Garfinkles
o• rn c r o o m x o�”o. '° 'w q o c I ^ owners and The Lansburgh
operators of the spent millions of dollars to renovate
m 5a)° n c7o o m O .0 m,b 0• w c =o hotel, Wednesday regained control the building before the recession in
cr m `? 0 o o cD " o fD :4-u ..- -..° cD of the oceanfront hotel with two the mid-1970s.
co y m . Cr 0„IQ a,'C c. a.e w m re 0 .1 n-0 winning bids for the land and the THE LANSBURGH GROUP fore-
-° o o 0.w a -�c a w • 5 a,o..o m `D ° building. closed on the Garfinkles' mortgage
° a y ,-�'* = r cr ° 0 ,. m A m mom■ The bids totaled $5.1 million.w .cI, a,u.o -•f' o 7 w c m 0 --^—co in February 1975. Three hours after
• w w
o -' w o�, o p a 0 cD N, .-.a'< .0 )›.” However, very little cash actually the foreclosure in Miami, the Gar-
ao ° c .:0 M a w 0 c o Q o o 0. will change hands. Since the Lans finkles declared bankruptcy in New
°•o, fD m o 0 7 r.y b ,, . ., -.,....Z 7 burgh group was owed nearly $10.5 York.
,a =; cn w Cr'Er-+ " M c'0e w o•e)v ., ECIL
million by the hotel owners, the "Since 1975, the hotel has been
0 o a' c a ti X 00`<von . A.cD 7�, o" bids will be canceled out by the operated on behalf of the creditors"
• 0.�,=n, a c w M w 7 g.co °a debt. The only cash involved, by the Lansburgh group, Fuller
m 7 w e o oM 4 DD w o m r'..j $73,000, will be paid to the U.S.
o cn cD ^a o o c <c°cr y y Marshal for auctioning the proper- •said.
P revert tobackdt o es tt e o Lans-
.0 t m o° a P, o c'ty °*. fD =a F a ty. burghs."
- = & .0 N w 7 `CS w o p•m g. C The Lansburgh group bid $4.6 Courthouse observers said high
d-
o 0 R o w cw10 comm <0.Cr o 0 cn o milliontionSamuel Cohen,for the hotel ioning. In c of nine
interest rates forced other potential
0 m co▪ 7...w o o m a ="0 -1A = 1 — bidders out of the auction. To buy
0 7cn 0 0 o 0 =a cD 0 a ' partners in the Lansburgh group, the hotel, minimum bids of $8.2
m t=t ao '* v a w p, cD , " bid $500,000 and purchased the million for the building and $2.3
a w c• a o o m m a w o -' m m ® land under the 340 room hotel. million for the land were required
a• o w a°a Z e m o a ° ,- ° P c 'T '"o There were no other bidders but from other bidders.
,,,o a� a F o Co.,cr m -, 0'm ° there were dozens of spectators, "The figures were way too low,"
CD
AI 0 yy p, o = a 0 cD 7 a-t m -A~i when the famous hotel was offered said Fuller. "Other bidders knew
o. .oma.a o ti F w CD o�, y �•�. at auction on the Dade County they would need to come up with
...,. t; 0 ,i, _,c ,a`'y c a o 0 m Courthouse steps to end a five-year millions in cash."
•• m - < •_° a 0. to c 5.7 ., battle in bankruptcy court. Fuller said the auction returns
• eD 000 al -m o'°• w o fD co w F Ej- "What this means is that the the title to the property to the Lans-
y e'-' o•< z •, tn ° 0 ' r.0 Lansburgh group has reacquired the burgh group and to Cohen. "They
ms•c c. a -- CD
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property," said attorney Bernard C. could resell the property for more
ion," he said.
.0 ^'d a' m a E =° ,. o c to icontiler nue er the bidding.ame type ofoop than
Fuller added nthat he doubts that
p, 0'o0 D' < o -. " 0 o x c�i1 eration." the hotel will be offered for sale.
•C1 a=Y cT �, n, p' .- .-- Morris Lansburgh nd his part- "It's a good operation," Fuller
0 n ..jp;'ot o o� �°-O-, n�S1581T iiFt oceanfront hotel in said. "The hotel is well maintained
0 7(11 to•c 13 G m < re
1966. The Lansburgh family owns and needs some renovation."
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