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# Gianni Versace's Miami home to reopen as hotel
- URL: https://hospitality.pro/gianni-versaces-miami-home-to-reopen-as-hotel/
- Published: 2013-09-22T14:53:30.000Z
- Updated: 2013-09-19T05:58:43.000Z
- Author: H L
- Tags: Hospitality Industry News, Hotel Development, News, #wordpress, #Import 2026-04-16 12:15

1The property, located on the city?s popular Ocean Drive, was bought by VM South Beach LLC, a company affiliated with New York?s Nakash family, which owns Jordache Enterprises, for $41.5 million (?26m).

The Mediterranean-style mansion has 10 bedrooms, 11 bathrooms and a swimming pool with 24-carat gold decoration.

The property was auctioned off as part of a bankruptcy proceeding by its current owner, the telecoms magnate Peter Loftin,?1.

Jordache Enterprises outbid Donald Trump, the property magnate, and a Florida developer who owns the Palm Beach Polo and Country Club.

The Nakash family also part-owns a hotel next door to Versace?s former home.

Click 1 to read more.

###### Source The Telegraph, http://www.telegraph.co.uk/travel/hotels/10317152/Gianni-Versaces-Miami-home-to-reopen-as-hotel.html