ABOUT US : Company History

The Lowenstein family of Lionstone Development planted its roots in Miami in 1966 with the purchase of their first hotel in Miami Beach. Since then, the family has been proud to be a part of South Florida’s evolution in the past few decades, becoming a prominent world class cultural, leisure and business destination.

The Lowenstein family also continues to invest selectively in the Caribbean, particularly in the upscale resort, and luxury all-inclusive hospitality sector, in addition to partnering with Sir Richard Branson to create and open the first Virgin Hotel in Chicago. Here is a complete look at the Lowenstein family’s storied history:

  • 1960's

    • 1966 - Acquires the White House Hotel, South Beach (sold in 1973)
    • Acquires a 35,000 sq. ft. retail building in South Beach
    • Acquires two rental apartment buildings in Miami Beach (sold in 1973)
    • 1967 - Acquires the Copacabana Hotel, Miami Beach (sold in 1970)
    • Acquires the 150,000 sq. ft. Mercantile Office Building in Miami Beach (sold in 1976)
    • Initiates co-investment and sale of Southeast Centers, shopping centers in Miami and West Palm Beach with 150 tenants and 600,000 sq. ft. of retail space
  • 1970's

    • 1971 - Acquires the 352-room DiLido Hotel, Miami Beach
    • 1974 - Acquires and initiates development of a 550-acre residential community in Pembroke Pines, Florida (sold in 1978)
    • 1974 - Acquires the 325-room Seville Beach Hotel, Miami Beach
  • 1980's

    • 1980 - Initiates investments in more than 250,000 sq. ft. of freestanding retail and commercial space in Buenos Aires and surrounding suburbs
    • 1985 - Develops Paseo de la Infanta, a 200,000 sq. ft. shopping center in Palermo, Buenos Aires
  • 1990s

    • 1992 - Co-develops Paseo Alcorta, a 1 million sq. ft. shopping center in Buenos Aires with more than 200 tenants (Interest sold in 1993)
    • 1997 - Acquires the 200-room Curacao Casino Resort. In 1999, repositions property as the Sheraton Resort & Casino, and in 2003, further upgrades and repositions the property as the Hilton Curacao & Casino
    • 1999 - Acquires the 600-room Holiday Inn Aruba
  • 2000's

    • 2000 - Acquires the Princess Beach Resort & Casino in Curacao (repositions as the all-inclusive Breezes Curacao in December 2001)
    • 2001 – Acquires the Historic Dupont Plaza Hotel in Downtown Miami (redeveloped into EPIC Residences & Hotel)
    • 2003 – Reopens the Di Lido Hotel as 375 room The Ritz-Carlton, South Beach
    • 2004 – Dilido Retail Shops opens
    • 2004 - Launches co-development and pre-sales of EPIC Residences & Hotel with CMC Group in Downtown Miami for a mixed-use project including a 55-story residential tower, five-star hotel, marina, and retail space
    • 2004 - Acquires and renovates iconic commercial property on Lincoln Road in Miami Beach
    • 2005 - Relocates Lionstone company headquarter to prestigious Lincoln Road location
    • 2005 - Acquires lots in Muller Bay and Vessup Point
    • 2005 - Initiates permitting for Acqua Marina, a $15 million residential venture in Fort Lauderdale (sold in 2012)
    • 2005 - Initiates co-development for the St. Regis Residences, Costa Rica
    • 2005 - Initiates co-development to convert the Seville Beach Hotel into The Ritz-Carlton Club and Residences, South Beach (Sold property to Marriott International in 2010)
    • 2006 - Begins the entitlement phase of a 250-unit condominium (fractional and estate residences) in the U.S. Virgin Islands as co-developer with The Ritz-Carlton Development Company (Sold to The Ritz-Carlton Development in 2007)
    • 2006 - Initiates the co-development with Global Development of a 65,000 sq. ft. residential venture in Bay Harbor Islands, Florida (Sold in 2012)
    • 2007 – Acquires and renovates The Beach House Hotel & Restaurant in Isla Verde, Puerto Rico
    • 2008 – Acquires Floris Suite Hotel Curacao
    • 2008 – Construction of EPIC Residences & Hotel is completed
    • 2009 - EPIC Hotel opens and managed by Kimpton Hotels & Restaurants
  • 2010's

    • 2011 - Acquires and initiates development of the Old Dearborn Bank Building in Chicago to convert into a Virgin Hotel
    • 2012 - The Ritz-Carlton, South Beach undergoes $11MM hotel room renovation
    • 2013 - Full renovation of rooms at the Hilton Curacao and Casino
    • 2013 - Holiday Inn Aruba undergoes Hotel room renovation
    • 2013 - Leases 19,000 gsf of retail space to Walgreens on the corner of Collins Avenue and Lincoln Road
    • 2013 - The Ritz-Carlton, South Beach undergoes a full meeting space renovation
    • 2014 - Sunscape Curacao Resort renovation completed
    • 2014 - Sells the neighboring entitled parcel to Epic Hotel & Residences for a market record price
    • 2014 - Acquires luxury ocean front property and converts into The Ritz-Carlton Bal Harbour
  • 2015

    • 2015 - The first Virgin Hotel in the world opens in Chicago with 250 rooms
  • Lionstone Development 50th anniversary SoFlaNights

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