Related Group and Dezer Development has completed the sale the hotel portion of the newly completed Hyde Midtown Suites & Residences luxury condo-hotel project in Midtown for $21.8 million. The buyer was Midtown Hotel Investment LLC, which is led by Haim Yehezkel of Elysee Investments
A subsidiary of AVR Realty has proposed 2nd & 2nd, an 898', 82-story Nichols Brosch Wurst-designed mixed-use tower at 250 SE 2nd Ave. The tower would feature 266 hotel rooms, 637 residential units, 9,245 SF of retail, and 533 parking spaces.
The Miami hotel industry has reported a record shattering start to 2018, leading the nation when it comes to revenue per rentable room. The revenue per room available rose up 17.2% to $226.19 year-over-year.
Hyatt has proposed plans to demolish and redevelop their Downtown Miami hotel location and the adjacent James L. Knight Center. The proposal, which will go in front of Miami's Waterfront Advisory Board on April 10, calls for a watefront podium of which three Kobi Karp designed towers would rise.
Inspired by European service, Marriott's new Cadillac Hotel & Beach Club, Autograph Collection will open in April after undergoing a multi-million dollar renovation (2018). Cadillac Hotel & Beach Club, Autograph Collection defines a new kind of Miami Beach experience while paying homage to Miami's 1940's art deco.
YOTEL, which was approved in July by Miami's Planning & Zoning Department, will launch as the first East Coast location of their new YOTELPAD concept. Located at 227 NE 2nd Street, the YOTELPAD will be a 29 story tower designed by Stantec, will include both 208 residential units and 250 micro-sized hotel units.
Amrit Ocean Resort & Residences has released new interior renderings of their wellness inspired hotel-condo coming to Singer Island in Palm Beach. The project is unique in the sense that each resident will receive a customized wellness program set just for them and a 24/7 wellness advisor.
A new 5-story hotel has been proposed on Washington Avenue in South Beach and will be reviewed by Miami Beach's Historic Preservation Board on January 9. The hotel will be developed by Acastar Miami, LLC., led by Genaro Enrique Gallo and the site is located at 1409-1413 Washington Avenue.
NP International has locked down a $158.4 million construction loan and are gearing up to break ground on Gables Station, a transit-oriented mixed-use project with 120,000 SF of retail space, 500 residential units and 66 hotel units.
Despite the ups, downs and legal battles that Airbnb has faced since launching in 2007, hosts in Florida have seen a surge in supplemental income, up 75% year-over-year in 2017. Florida hosts earned a combined $450 million in 2017 and hosts in Miami-Dade brought in $134 million.
Miami is set to get its first supertall in the fast emerging Downtown neighborhood, as Tibor Hollo's Florida East Coast Realty is gearing up to begin construction on the 1,049', 92-story, Kohn Pedersen Fox (KPF)-designed One Bayfront Plaza in 2019. Demolition of an existing office building on the current site is scheduled for the first half of 2019.
Marriott has opened their new Residence Inn Miami Sunny Isles Beach at 17700 Collins Avenue. The Kobi Karp designed hotel rises 19-stories and features 194 studio suites targeted at business travelers. The project cost $65 million and is owned by Robert Finvarb Companies and operated by Marriott's Residence Inn brand.
The Downtown Miami and Edgewater transformation is showing no signs of slowing down or stopping as the downtown area of Miami is fast becoming a world-class metropolis city center. To further enhance the area, a new 53-story hotel and residences has been proposed on the Biscayne Corridor at the vacant lot between NE 17th Terrace and NE 18th Street
Tour the new, nautical-themed Conrad Fort Lauderdale Beach, which opened October 10, 2017, further cementing Fort Lauderdale Beach as a luxury area on the rise. The luxurious property, which features 290 suites located at 551 N. Fort Lauderdale Beach Blvd, will officially open with a ribbon cutting ceremony on December 14, 2017.
Wyndham Hotel Group has announced that they have signed a contract to operate one of the largest hotel developments in the Brickell district of Miami. The hotel, located across from Brickell Mary Village, is being developed by Brazilian developer Galwan and will rise 41 stories featuring 445-keys.
After a year of developing plans with Zyscovich Architects to redevelop the Shops at Sunset Place with the addition of a hotel and 2 residential rental buildings, the South Miami City Commission has voted 3-2 against the project.
The Biscayne Shores Community Council voted unanimously on November 8th to approve the Apeiron at the Jockey Club, hotel and residential development at the existing 13-acre Jockey Club common grounds. The Jockey Club is located at 11111 Biscayne Boulevard near North Miami.
A 111-room CIRC Hotel will open in early 2018 in Downtown Hollywood at 1780 Polk Street. The trendy, modern hotel was inspired by the areas growing art scene and is located across the street from The ArtsPark at Young Circle; which features a 10-acre park with amphitheater for concerts.
PROFILEmiami had the exclusive opportunity to stay at W Residences Fort Lauderdale, located directly on Fort Lauderdale's pristine beaches and the Atlantic Ocean. After a $60 million renovation overseen by Related Companies and Meyer Davis Studio, W Fort Lauderdale is one of the finest options on Fort Lauderdale's seaside A1A strip.
HFZ Capital Group has canceled the Fasano Residences Miami Beach, a 67-unit luxury condo project planned for the Shore Club Hotel property, which is currently managed by Morgans Hotel Group and owned by HFZ Capital Group. HFZ is currently in the process of returning deposits to buyers and began alerting their clients on Friday (10/2717) of the news.
The City of Miami Beach’s Design Review Board and Planning Board approved a newly proposed hotel to rise at 7128 Indian Creek Drive in North Beach. The hotel will be developed by IC Property Capital Corp and is being designed by Miami Beach-based architects Laure Tirouflet and Jose Carlo.
Habitat Development's planned condo-hotel Smart Brickell, designed by Hernando Carrilo, has released new renderings as the project gears up to break ground. Smart Brickell is located in West Brickell and is expected to break ground in the spring of 2018. The project will feature 3 towers with 170 condo residences and 150 hotel rooms.
A Zyscovich Architects-designed proposal to redevelop the Shops at Sunset Place is under review by the City of South Miami's Special Planning Board. The developers goal is to reenergize the existing, aging, Shops at Sunset Place into a lively mixed-use, urban district.
Driftwood Acquisitions and Development (DAD) officially broke ground on their new 150-room Canopy by Hilton West Palm Beach. The project, located at 704 S. Dixie Highway, marks the first hotel project in Palm Beach County for the Coral Gables-based firm.
HES Group has secured a $9.5 million loan for Triptych Hotel, in Midtown Miami, adjacent to Miami Design District. The loan was provided by a Panama-based lender 21 Brands S.A. Triptych Hotel was approved earlier this year, after HES Group sold JQ Group shares in the project for undisclosed terms.
Resorts World has moved another step closer to becoming a reality after submitting their proposed replat of Awana Forest to Miami City Planners. The replat includes the county bus terminal with the Adrienne Arsht MetroMover, which Resorts World previously won county approval to redevelop in March of this year (2017).
Miami-based real estate media and branding powerhouse TAMZ has refreshed the brand identity of the Grand Beach Hotel Miami Beach, located at 4835 Collins Avenue, Miami Beach. The Grand Beach Hotel Miami Beach was originally built in 2009 and underwent at $10 million renovation in 2015.
Turkish developer Okan Group has proposed a 73-story hotel project inspired by a tulip in Downtown Miami. The project is being dubbed The Sterling (although renderings show Okan Tower) and is located at 555 N. Miami Avenue.
Last week we reported that Crescent Heights is aiming to bring a CitizenM Hotel to 1212 Lincoln Road on Miami Beach. CitizenM continues to make a splash in Miami as they have purchased the Perricone's site via the entity CitizenM Miami Brickell Properties at 15 SE 10th St next to Allen Morris Park for $16.18 million.
Crescent Heights is aiming to bring a Citizen M Hotel to 1212 Lincoln Road. The developer recently applied to the city for approval to modify the existing proposal by bumping the room count up to 168 from 100 by creating "pod" style rooms, some of which are under 218 SF. They also requested a variance to operate 2 LED billboards which would display graphics that are inspired by the murals that currently exist on the current building.