Bloom Hotels 6060 LLC, the owner of Miami Beach’s Sixty Sixty Resort, has thrown up a Chapter 11 roadblock in front of a looming foreclosure, buying crucial time for the long-troubled property on the Indian Creek waterway. The 16-story building has been dark since the start of 2026 as the owner struggled with rising debt, leaving neighbors and creditors wondering whether the tower will get a second act, change hands, or be sold off in pieces.
The company filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of Florida on Feb. 16, and the case is listed as 26-11867-RAM, according to Inforuptcy. Initial paperwork shows Bloom Hotels 6060 reported between $10 million and $50 million in both assets and liabilities, with fewer than 50 creditors. The court has set a meeting of creditors for March 17 and an April 27 deadline for proofs of claim. The petition lists a Coconut Grove business address for the debtor and names Kristopher Pearson as lead counsel.
The timing was no coincidence. The bankruptcy hit the docket one day before a Feb. 17 foreclosure auction that had been scheduled to satisfy a roughly $23.7 million judgment obtained by De Paz Family Investment LLC, as reported by The Real Deal. De Paz sued in 2023 over an alleged default on a $21 million loan and won final judgment in December 2025, court filings show. A recent attempt by Bloom to cancel the sale was rejected in state court, setting up the last-minute federal filing…