After much ado, Aloft Hotel opens in Brickell

Miami /
Aug.August 05, 2013 10:00 AM

An Aloft hotel opened last week in a building planned as a condo that was lost in the last boom, the Miami Herald reported.

Once slated as an 88-unit condo tower, the project near Mary Brickell Village stalled during the credit crisis in 2008 and was reborn as a 160-room hotel, with rooms starting around $160 per night.

Venezuelan investor HES Group LLC bought a 50 percent stake in the project in 2010, making it a joint venture with the original builder, Sunview Companies, the Herald said. The Brickell property was developed by Starwood Hotels of the W and St. Regis.

“We are feeling very confident because Brickell is doing so well, and I’m confident that we are going to do very, very well in the near future,” general manager Humberto Fermo, chief operating officer of HES Management and Services, told the Herald.

HES Group is planning to open a second South Florida Aloft hotel in Miami Beach next year, the newspaper reported. The brand launched in 2008 and has 70 hotels worldwide. [Miami Herald] — Emily Schmall


Related Articles

arrow_forward_ios
Related's Stephen Ross, Swire Properties' Kieran Bowers and renderings of One Brickell City Centre (LinkedIn, Getty, Swire Properties and Related Companies)
Swire, Related score approval to widen planned Brickell office tower
Swire, Related score approval to widen planned Brickell office tower
From left: AMLI Residential’s Gregory Mutz; Terra’s David Martin; Grand Peaks Properties’ Luke Simpson; Related’s Jorge Perez; and Grand Peaks Properties' Nick Simpson (Getty Images, AMLI, Terra, Grand Peaks Properties, Related, Corwil Architects, Arquitectonica)
Development bonanza: Four Miami projects nab approval
Development bonanza: Four Miami projects nab approval
Grand Peaks Properties' Luke Simpson and Nick Simpson; renderings of the proposed Empire Brickell project (Corwil Architects, Grand Peaks Properties, Getty)
Grand Peaks proposes 26-story apartment tower in Brickell
Grand Peaks proposes 26-story apartment tower in Brickell
Ken Griffin and Adrienne Arsht with 3031 Brickell Ave (Getty, Atlantic Council, Oak Studios)
Ken Griffin buyer of Adrienne Arsht’s $107M estate: sources
Ken Griffin buyer of Adrienne Arsht’s $107M estate: sources
Adrienne Arsht and the Coconut Grove estate (Arsht via Naomi.cherenson, CC BY-SA 4.0, via Wikimedia Commons, 3031 and 3115 Brickell Avenue photos provided by 1 Oak Studios)
Adrienne Arsht’s Coconut Grove estate sells for record $107M
Adrienne Arsht’s Coconut Grove estate sells for record $107M
Empira’s Rafael Aregger with 3025 and 3051 Southwest Third Avenue (LinkedIn, Revuelta Architecture International)
Swiss developer debuts in Miami with multifamily project
Swiss developer debuts in Miami with multifamily project
A rendering of the 830 Brickell office tower in Brickell, Miami and Vlad Doronin of OKO Group and Jonathan Goldstein of Cain International (OKO Group, Cain International)
Doronin’s 830 Brickell scores Chicago law firms for 53K sf
Doronin’s 830 Brickell scores Chicago law firms for 53K sf
View of the buildings at 612, 817 and 815 Lincoln Road in Miami Beach and Terranova’s Stephen Bittel (Google Maps, Terranova Corp)
Lease roundup: Terranova, Millennium, R&B, Duke nab tenants
Lease roundup: Terranova, Millennium, R&B, Duke nab tenants
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...