The Singapore-based COMO Hotels and Resorts company’s latest project may have only broken ground in Miami at the start of the year, but it’s on pace to be finished by December, Hotel Chatter reported.
The development of the 74-room Metropolitan by COMO at 2445 Collins Avenue in the South Beach Art Deco District has been aided by two construction companies. It will feature a 20-meter private pool, juice bar, spa and free daily yoga and Pilates classes. There will also be two restaurants, one of which is the seafood-centric Traymore.
Nightly rates will start at $500 a night in high season and $350 a night in low season. Italian designer Paola Navone is working on the hotel at the same time as the Point Yamu by COMO resort in Thailand, slated to open in November, the website said.
Delaware-registered COMO Traymore bought the site for $17.5 million in January 2012, when it was the closed 1930s Traymore Hotel, as previously reported. The former owner was SR South Beach One, an affiliate of SteelRock Capital, a New York-based private equity firm, which seized the property in foreclosure. [Hotel Chatter] – Mark Maurer