Miami Beach is taking a major step forward in growing its status as a premier destination for meetings andlarge-scale events with its first dedicated convention hotel, Grand Hyatt Miami Beach.  

Backed by TYKO Capital and supported by a $75 million grant from the Miami Beach Redevelopment Agency, South Florida developers Terra and Turnberry recently secured $392 million in construction financing to build the 800-room, 17-story hotel, which will soon begin rising adjacent to the Miami Beach Convention Center (MBCC).  

With pre-construction sitework already completed, the financing paves the way for the project’s groundbreaking, with completion slated for late 2027.  

Located at 17th Street and Convention Center Drive and designed by renowned architect Bernardo Fort-Brescia of Arquitectonica, the hotel will serve as the anchor of Miami Beach’s Convention Center District with new luxury accommodations and public spaces, improved connectivity, and infrastructure and resiliency upgrades.  

“With construction financing in place and strong public support behind us, we are eager to bring this landmark hotel to life,” said David Martin, CEO of Terra, and Jackie Soffer, chairman and CEO of Turnberry. “Grand Hyatt Miami Beach will fill a longstanding gap in Miami Beach’s hospitality offerings, elevating the conventions and events that come to our community while creating jobs, new revenue and economic impact.” 

Key features of the hotel include: 

• 800 guest rooms across 12 floors, including 52 luxury suites with sweeping views of Miami Beach 
• 4 floors of meeting and event spaces 
• Direct climate-controlled skybridge access to the MBCC 
• A resort-style pool deck with panoramic city views 
• A signature restaurant, lobby lounge and bar, and retail space 
• New pedestrian-friendly promenades, bike-sharing stations, and public spaces 
• Seamless connectivity to public transit and proximity to Lincoln Road district 
• Designed with sustainability and urban resiliency in mind 

“Miami Beach is an iconic, grand destination known for its dynamic energy, cultural richness and world-class hospitality, and we are thrilled to introduce our Grand Hyatt brand to this key leisure and business travel market,” said Pete Sears, Grand Hyatt group president, Americas. “Grand Hyatt Miami Beach will work to seamlessly blend the destination’s colorful, vibrant spirit with the brand’s bold architecture, inventive restaurants and luxury accommodations. We look forward to offering guests and World of Hyatt members a new way to experience Miami Beach in a setting that will strive to be as inspiring as the city itself.”  

With the nearest comparable convention-focused accommodation, the 790-room Loews Miami Beach, located four blocks away, the forthcoming hotel is being hailed as a transformative addition to Miami Beach’s hospitality infrastructure with its convenient proximity and integration with the MBCC, which underwent a $640 million renovation in 2018.  

“The Grand Hyatt Miami Beach is a game-changer for major meeting and event planners and a transformative addition to our convention center ecosystem,” said David Whitaker, president and CEO of the Greater Miami Convention & Visitors Bureau. “With an unmatched location seamlessly connected to the Miami Beach Convention Center and just steps from a world-renowned Miami Beach, this hotel creates a one-of-a-kind experience for meeting planners and attendees alike.” 

He added, “As a premier, year-round destination, Greater Miami is already a powerhouse for major events, and this addition solidifies our position as a top choice for high-profile conventions and meetings from around the globe.”  

Have some meetings hotel news to share? Reach out to lisa.savas@informa.com and danica.tormohlen@informa.com.

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