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The former Versace mansion - a lavish 10-bedroom, 11-bath mansion, known as Casa Casuarina at 1116 Ocean Drive, Miami Beach,  fetched a top bid of $41.5 million by New York’s Nakash and Gindi families  who own the Hotel Victor next door. Joe Nakash, chairman of Jordache Enterprises, said that his group wants to operate a boutique hotel there in tandem with the 91-room, Art Deco Hotel Victor next door, which recently reopened after a major renovation.
Versace had purchased the property in 1992 and spent $33 million renovating it, adding a wing and a 54-foot, mosaic-inlaid pool lined in 24-karat gold. After Gianni Versace's death, Peter Loftin, a telecom entrepreneur, bought the property in 2000 for $19 million. Until May, Barton Weiss, a well-known Miami restaurateur, had leased the property, operating it as The Villa By Barton G, a 10-room boutique hotel.

The former Versace mansion - a lavish 10-bedroom, 11-bath mansion, known as Casa Casuarina at 1116 Ocean Drive, Miami Beach,  fetched a top bid of $41.5 million by New York’s Nakash and Gindi families who own the Hotel Victor next door.

Joe Nakash, chairman of Jordache Enterprises, said that his group wants to operate a boutique hotel there along with the 91-room, Art Deco Hotel Victor next door, which recently reopened after a major renovation.

Versace had purchased the property in 1992 and spent $33 million renovating it, adding a wing and a 54-foot, mosaic-inlaid pool lined in 24-karat gold. After Gianni Versace's death, Peter Loftin, a telecom entrepreneur, bought the property in 2000 for $19 million. Until May, Miami restaurateur and reknowned event planner  Barton Weiss  had leased the property, operating it as The Villa By Barton G, a 10-room boutique hotel and restaurant.