The Gansevoort South Hotel in Miami Beach has appointed Coral Hospitality to manage operations at the hotel and its adjacent condominium residences. Following a $100 million renovation, the 334-room Gansevoort South, with its prime oceanfront location in South Beach and some of the largest guest rooms in South Florida, is one of the most popular destinations in the market. Adding to its allure is a signature, 43,000 sq. ft. David Barton Gym; celebrity-favored restaurants Philippe by Philippe Chow and STK by The ONE Group; and VIP lounge Louis, operated by Opium Group, a Miami nightlife operator.

"We are excited to be appointed as the manager of the Gansevoort South," said Lee Weeks, CEO of Coral Hospitality. "As in other similar transitions in which we have been involved over the years, we expect the change to go smoothly during the next few months. Guests and residents will not experience any disruption in service or amenities during the transition and substantially all of the employees will have the opportunity to be rehired."

"We have the utmost confidence in the management team at Coral Hospitality," said Stephen Yankauer, an officer of Column Financial, Inc., an affiliate of Credit Suisse, which now indirectly owns the property. "They understand what it takes to operate a unique, trend-setting property of this magnitude."

Coral Hospitality is a full-service hospitality management and investment company specializing in hotels, clubs and residential communities.