MIAMI BEACH Craig Spencer, president/CEO of The Arden Group in Philadelphia, teamed with Keith Space and Martin Scasserra, partners of S & S Hotel Management Ltd. in Miami, to purchase the famed Savoy Hotel in South Beach, FL.
The Savoy is a luxurious two-acre, 68-room European-style hotel on Ocean Drive. Recently renovated and upgraded, The Savoys facilities include a full-service restaurant, bar and lounge, champagne and cigar bar, two free-form swimming pools, and a health club. (3/1/01)