South Beach’s Goodtime Hotel, Backed by Pharrell Williams, Hit With $150M Foreclosure Lawsuit

Miami Beach Hotel Once Backed By Pharrell Faces $149M Lawsuit as 100-Plus Workers Get Axed

The operator of the Pharrell Williams-backed Goodtime Hotel plans to stop managing the South Beach property by the end of May, a move expected to eliminate more than 100 jobs and raise new questions about the hotel’s future. ATLANTA, GEORGIA – DECEMBER 02: Pharrell Williams attends the TV One Urban One Honors at The Eastern on December 02, 2022 in Atlanta, Georgia. (Photo by Aaron J. Thornton/Getty Images for Urban One Honors) Miami Beach’s hosp…

South Beach’s Goodtime Hotel, Backed by Pharrell Williams, Hit With $150M Foreclosure Lawsuit

Source: Kevin Rawls / Radio One Digital South Beach’s Goodtime Hotel, Backed by Pharrell Williams, Hit With $150M Foreclosure Lawsuit The Goodtime Hotel in South Beach, Miami, is facing a $150 million foreclosure lawsuit filed by CMMT, alleging the owner defaulted on a loan. The hotel, once promoted as a catalyst for revitalizing Washington Avenue, has struggled to meet expectations amid leveling tourism. Legal disputes between developers and le…