Claim: Griffin Listed $60m Faena Penthouse After Hedge Fund Managers Called Hotel ‘A Piece Of Sh*t’

Some of the world’s top hedge-fund managers visited the Faena Hotel in January and didn’t like it, New York Magazine claims in a new article.

After holding a conference in the hotel’s penthouse and looking around the property, attendees decided that “the place looked like it had just been slapped together,” with doors that didn’t close or line up right, the magazine said.

Hedge fund manager Ken Griffin owns two penthouse units in the adjacent Faena condo building. He paid $60 million for the condos, the highest price ever paid for a residence in Miami.

“People were texting and emailing Ken Griffin: ‘This thing is a piece of shit,’ ” and telling friends who bought units to “sell immediately,” a source told the magazine. Griffin listed the units in late January for $73 million.

(It is worth noting that the article is littered with misinformation, and the author lost out on a job at Bloomberg after writing a story on a teenage millionaire that turned out to be a hoax.)

On Tripadvisor, the hotel is ranked #4 out of 206 hotels in Miami Beach, with 48 reviewers giving an average score of 4.5 stars.