BVLGARI is Expected to Launch its First US Hotel Location in 2024 in Miami Beach
Bvlgari is known for its one-of-a-kind luxury products but that isn’t limited to its line of watches and accessories. They also have 11 branded hotels in Milan, London, and Dubai, just to name a few. With their recent expansions in Moscow and Paris, the brand has also decided to open its first location in the United States at none other than one of the hottest cities in the country, Miami Beach.
Located at 100 21st Street, the hotel will be waterfront with direct Miami beach access. The location will place Bvlgari just a few steps from the Miami Art Deco district. Bvlgari originally purchased the property for $140 million.
Because of its location, the project was recent approved by the Miami Historic Preservation Committee. Bvlgari Hotel will feature its signature Italian luxury brand while still celebrating its 1950’s style and historical significance.
The Italian architectural firm Antonio Citterio Patricia Viel will be finalizing the design and restoration of the property in the coming months. The hotel will feature 100 rooms with most of them suites, a spa, outdoor pool, fitness amenities, a restaurant by Chef Niko Romito, and a Bvlgari branded bar.
According to the CEO of Jean-Christophe Babin, “We are particularly proud to have secured such an extraordinary location for the new Bvlgari Hotel in Miami. This will be our first property in the United States which is a key market for our Brand and we are delighted to add the vibrant and glamorous Miami Beach to our Collection.”
Bvlgari Hotels & Resorts is expected to begin construction in quarter 4 of 2021 with an anticipated opening date in 2024.
Four Seasons Miami Sold for $130 Million
Developer for the Four Seasons Surf Club in Surfside recently purchased the Four Seasons Miami in Brickell for $130 Million. With this purchase, Fort Partners (developer for Four Seasons) now have full control over all of the Four Season properties in South Florida.
The deal was financed through a New York company Madison Realty Capital for a $105 million loan. The full purchase price is unknown but according to the press release, the property traded for close to $130 million. This selling price equals $588,000 per room.
The hotel located at 1435 Brickell Avenue is a part of a 70-story tower that includes residential units, retail, parking, and a gym. The hotel was completed in 2003 and was considered then the tallest tower in Miami.
According to the Managing Principal and Co-found of Fort Partners, their plans are to renovate the hotel. They also want to ‘modernize’ the hotel rooms, lobby, and pool deck. They are also looking for additional food and beverage restaurants/bars to join the brand.
The sellers for the hotel include Westbrook Partner, a New York-based company. They purchased the property 10 years ago with a 3 part deal to eliminate debt on another Miami Property. They originally acquired the property for $40 million. Fort Partners was represented by JLL’s Jim Dockerty, Kevin Davis, and Mark Fisher.
Last year, the tourism industry stood at a pause as well as a dim future. Now, that states have opened up and are allowing travel, we are seeing more hotel transactions. In June, Pebblebrook Hotel purchased Margaritaville Hollywood Beach Resort for $270 million. Allen Morris Company, Stormont Hospitality, and Black Salmon teamed up to purchase a Miami Beach hotel for $25.5 million. TPG Real Estate Partners have also purchased 2 hotels in Edgewater for $61 million.
Photo Credit: resortpass.com
Pharrell Williams and David Grutman Debut the 7-Story Goodtime Hotel in Miami Beach
The 7-story Goodtime Hotel is located at 601 Washington Avenue in Miami Beach and will feature 266 rooms spanning a full block with 100,000 square feet of indoor space. This Deco-style hotel features a pool deck, restaurant, private lounge, and main floor retail.
Grutman and Williams also partnered with New-York based real estate development firm, Imperial Cos. for this project. They have previously collaborated on a Miami Design District restaurant, Swan & Bar Bevy which has been a huge success. Ken Fulk who assisted with the interior design for the Swan Bevy restaurant was also the lead designer for this hotel project.
Grutman stated, “I always wanted to be a hotel [owner] to try to complete my ecosystem in hospitality.”
The hotel restaurant, Strawberry Moon, is a 30,000 square foot Mediterranean restaurant which will also flow into a bar and pool deck, all located on the third floor. The ground-floor retailers have not been released.
According to The South Florida Business Journal, The Goodtime Hotel is expected to be the largest hotel in Miami Beach by rooms.
Property records also show that Imperial Cos. purchased the property for $5.75 million in June 2015.
Since people are wanting to spend more time outdoors due to the pandemic, Miami is now seen as the “go-to” destination. Imperial Cos. owner stated “If there is a net winner coming out of this pandemic, Miami is top of that list.”
Hyde Midtown Miami Hotel Set to Open September 17th
According to the sbe website, Hyde Hotel & Residences Midtown Miami will be ready to open its doors on September 17th. When it does, it will become the first luxury hotel to ever operate in Midtown Miami. To help get the word out, Hyde Hotel Midtown Miami is offering through the end of this month introductory rates starting at $129 per night. Not a bad deal considering the level of amenities that Hyde Hotel Midtown Miami has to offer, such as a tennis court, pool, poolside cabanas, poolside bar & grill, business center, full-service spa, and state-of-the-art fitness center. Completed earlier this year, Hyde Midtown includes 60 hotel suites, 410 condo residences, and ground-floor retail. It was recently reported that a Starbucks will be opening in one of the retail spaces.
SLS Lux Brickell Hotel To Open June 4th
In a newsletter sent yesterday to owners of the newly opened SLS Lux Residences, it was announced that the SLS Lux Brickell Hotel will open on June 4th. The poolside bar located on the 9th floor of the building will begin operation that day as well, with food and beverages available for purchase to residents and hotel guests.
SLS Lux Brickell Hotel guests will have access to a myriad of amenities including: a 75-foot lap pool, separate 112-foot beach-entry pool, poolside cabanas, poolside bar, state-of-the-art fitness center, full-service spa, full-service concierge, and much more.
Hilton Miami Downtown Updates Hotel with $35M Renovation
Hilton Miami Downtown – located on Biscayne Boulevard at the site of the former Omni International Mall – recently completed a $35M renovation, providing guests with a revamped experience featuring all the hallmarks of the Hilton Brand.
HBA Atlanta (Hirsch Bedner Associates) led the property’s design renovation, updating each of the hotel’s 527 rooms with a sleek look while meeting top-end technological expectations. The upgraded experience is aimed to please both leisure- and business-minded guests.
The hotel’s breakfast, lunch, and dinner restaurant, Brisa Bistro, was also redesigned and renovated. The restaurant, which is led by Executive Chef Didier Pouzier, includes a fusion of Caribbean, European and South American cuisines.
The Hilton Miami Downtown is aiming to provide guests the best hotel experience, while fitting in with the cultural renaissance that’s taking place in Downtown Miami. According to Alex Batista, Director of Sales and Marketing for the Hilton Miami Downtown, “The newly renovated Hilton Miami Downtown represents the area’s best – style, culture, convenience and value.”
South Beach’s Berkeley Shore Hotel Renovation Definitely Won’t be Done by the Date on the Construction Fencing
Maybe there’s just too much bold paint and too many wacky interior details to handle, but the historic Art Deco Berkeley Shore Hotel on Collins Avenue near the recently restored Haddon Hall, now just known as ‘The Hall’ even though the historic ‘Haddon’ part is still on the sign, is clearly going to miss the opening timeframe of ‘Fall 2016’ announced on the construction fence liner out front.
From the state of the gutted out historic building in the front, to the state of the shell in the back that looks like it just topped out, a few months of time is not nearly enough to get to the grand opening ribbon cutting for its big debut.
The hotel was purchased by its new developers way back in 2013, when I, at Curbed Miami, lamented loudly that the “total renovation” being planned could mean the loss of a cooky Alice in Wonderland-like aesthetic for something more ‘posh’ or ‘au courant’ and thus maybe even boring. Who knew that slightly boring new hotel would take so long to get built though? The least they could do is take down that “Fall 2016” sign of theirs. Humph.
Abae, a Boutique Apartment-Hotel Coming to West Avenue, is Almost Finished
Photos by Sean McCaughan
Construction at the Abae Hotel South Beach, a new boutique apartment-hotel at 1215 West Avenue, is wrapping up just in time for its planned summer 2016 opening, as posted on its teaser website. Its the latest in a wave of new hotels that have opened within the last couple years along the West Avenue and nearby Bay Road, bringing a bit more activity to what has always been one of the quieter, more residential, quarters of South Beach.
The Abae follows hotels like the Gaythering Hotel, the Marriott Residence Inn, and even the slightly older Mondrian, the last of which is barely a few blocks away. Don’t expect too much action though. The Abae is the third hotel/residential project to come out of local developer/hotelier Eskape Collection, and already has the secluded, sanctuary-vibe of its two siblings, 1818 Meridian Avenue, a boutique hotel, and 6080 Collins Avenue, a condo hotel, both also on Miami Beach.
