Florida Construction News staff writer
Development firms Terra and Turnberry have secured financing for the Grand Hyatt Miami Beach, a new 800-room, 17-story hotel planned next to the Miami Beach Convention Center. With pre-construction sitework already completed, the financing will allow for groundbreaking, with the hotel expected to open in late 2027.
The general contractor for the project is Balfour Beatty.
“The Miami Beach Convention Center Hotel will be a game-changer for our local economy,” said Miami Beach Mayor Steven Meiner. “This project will drive year-round tourism, create new jobs, and bring new business to our restaurants, shops, and cultural institutions. It’s a major investment in the long-term economic vitality of Miami Beach.”
The hotel is seen as a key component of the city’s strategy to improve the Convention Center District, building on the city’s $640 million investment to modernize the convention center. The addition of an on-site hotel aims to enhance the center’s competitiveness by providing accommodations and meeting spaces for events. The hotel is expected to attract more conventions and conferences to the area, which could have long-term economic benefits for the city.
Designed by Arquitectonica’s Bernardo Fort-Brescia, the site will feature 12 floors of guest rooms, including 52 suites with views of Miami Beach and four floors of meeting and ballroom spaces, a resort-style pool deck, restaurant and retail space. A climate-controlled skybridge will connect the hotel to the convention center, making it easier for event attendees to access both locations.
The project will also include pedestrian-friendly promenades, bike-sharing stations, and connections to public transit, aligning with Miami Beach’s sustainability goals. It will be located close to the city’s Lincoln Road district.
Grand Hyatt Miami Beach is part of the city’s effort to revitalize the Convention Center District, which Miami Beach voters approved in 2018. The development is expected to increase the area’s economic activity and make the district more walkable.
