Eurostar Langford hotel Eurostar Langford hotel in downtown Miami. Photo: Google

Downtown Miami's historic Eurostars Langford boutique hotel in the historic former Miami National Bank Building sold for $37 million.

A limited liability company affiliated with Barcelona, Spain-based Eurostars parent Hotusa Group bought the hotel from Stambul USA, a Miami-based construction and development company.

The deal turning Eurostars from brand to owner closed Sept. 30 and the deed was recorded in Miami-Dade County public records Tuesday. The sale of the 126-room hotel works out to $293,651 per key.

The buyer is Miami Southern Hotels LLC, whose manager listed with the state Division of Corporations is Hotusa head Amancio Lopez Seijas and his daughter Clara Lopez, Hotusa's hotel investment and development manager.

Hotusa comprises tourism companies that service hotels and management companies that oversee 200 hotels.

Hotusa was founded in 1977 as Hotusa Hotels with three properties, expanded internationally and added booking and management subsidiaries.

One of Hotusa's hotel management arms is Eurostars Hotels, the Barcelona-based hotel chain after which the downtown Miami hotel is branded.

The 12-story building was constructed in 1925 as the City National Bank Building. Stambul, led by Daniel Peña Girald, bought the building on the National Register of Historic Places and reopened it after renovations in 2016 as Eurostars Langford. The hotel at 121 SE First St. is a block south of Flagler Street.

Miami's Central Business District is poised for a resurgence. Much of the work is focused on breathing new life into older buildings with an eclectic mix of architectural styles.

Stambul bought the historic Walgreens at 200 E. Flagler St. last year for $19.75 million from the Alonso family, who used to run the La Epoca department store there. Stambul wants to reopen the 50,000-square-foot drugstore property as an entertainment complex.

Stambul also bought the Old U.S. Post Office and Courthouse at 100 NE First Ave. in 2014. It's restoring the building and has several tenants lined up, including Biscayne Bay Brewing Co. This would be the brewery's second location after originally opening in Doral. A bar and a juice bar also are on tap.

Downtown's redevelopment depends largely on a major landlord, developer Moishe Mana, who is best known for redeveloping Miami's Wynwood neighborhood.

Mana amassed over 50 downtown properties since late 2013 as a hub for tech companies, startups and innovators. He envisions creating a campus-like community that would be the "Silicon Valley of Latin America."

The Israeli-born entrepreneur also plans food halls and at least one residential tower, although most of his work focuses on redeveloping existing buildings.

Other developers are building residential towers including the completed X Miami apartment tower and its sister project 400 Biscayne that will be completed in 2021.

Related stories: 

The Mana-Greene Effect: Big-Name Developers Not Moving on Downtown Properties

It's Time for the Next Chapter of Moishe Mana's Downtown Miami Plan. Will He Succeed?

A Tale of Two Downtowns. In Miami, Modern Retail Meets Shuttered Storefronts