arts
CIM Group uses credit bid to take Goodtime Hotel for $100 in foreclosure auction
By Lidia Dinkova at The Real Deal
· July 1, 2026
· 1 min read
Five years after opening the Goodtime Hotel with a celebrity-studded party, Eric Birnbaum and Michael Fascitelli lost the marquee South Beach property to the lender. Los Angeles-based CIM Group, through an affiliate, won the foreclosure auction of the hotel on Wednesday morning, a month after obtain
Key takeaway Los Angeles-based CIM Group, through an affiliate, won the foreclosure auction of the hotel on Wednesday morning, a month after obtaining a $204.
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Category: arts ·
Published: July 1, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Five years after opening the Goodtime Hotel with a celebrity-studded party, Eric Birnbaum and Michael Fascitelli lost the marquee South Beach property to the lender. Los Angeles-based CIM Group, through an affiliate, won the foreclosure auction of the hotel on Wednesday morning, a month after obtain
When was this published? This article was first published on July 1, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Lidia Dinkova at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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