Miami Beach moves to revive convention center hotel

Miami /
Apr.April 13, 2016 04:30 PM

The Miami Beach City Commission on Wednesday approved a series of measures that could eventually lead to a new convention center hotel being built.

Last month, Miami Beach voters failed to approve a ballot measure that would have allowed Atlanta-based Portman Holdings to lease public land for the construction of a new 25-story, 800-room convention center hotel. Because of earlier opposition to the hotel, the ballot measure required a 60 percent super-majority from voters but it received only 54 percent.  

Now, Miami Beach Mayor Phillip Levine and city commissioners are going to try again. On Wednesday they unanimously agreed to set up a Blue Ribbon Panel to examine the hotel issue and contract with Florida International University’s School of Public Policy to carry out a survey of voters as to whether they would support another hotel bid.   

Levine tasked commissioner Ricky Arriola to head the Blue Ribbon Panel and commissioner Kristen Rosen Gonzalez as a vice-chair. Rosen Gonzalez who helped lead opposition to last month’s ballot measure said she would be glad to participate, telling other commissioners: “Let’s do it right this time.”  

City Manager Jimmy Morales told commissioners that Jack Portman, vice chairman of Portman Holdings, had agreed that any new ballot measure would require the FIU survey and community meetings. Morales said these preliminary measures would have to be completed by August 9th in order to get a new measure on the November ballot.  

But commissioners and the mayor said they favored a slower approach. Both Levine and Rosen Gonzalez said there was no reason a November ballot measure was necessary, with Rosen Gonzalez saying she was “glad we’re not rushing to a November ballot.”

But Levine cautioned that waiting too long could be a problem, noting that Portman Holdings had agreed to privately finance the venture if voters had approved the 99-year land lease, and that it would be a challenge “to find a non-subsidized option.”  

Hotel backers have long said a new hotel would help anchor the city’s convention center, which is undergoing a multi-year renovation, scheduled for completion in 2018, at a total cost of $615.7 million. But critics say any new hotel would only worsen traffic congestion on Miami Beach — something hotel backers deny.     


Related Articles

arrow_forward_ios
Montford Group' Sunju Patel and Opterra Capital Glenn Alba with 2940 Collins Avenue (Montford Group, Getty)
Montford, Opterra JV buys Hilton Garden Inn Miami Beach for $28M
Montford, Opterra JV buys Hilton Garden Inn Miami Beach for $28M
Joseph Chetrit and The Tides South Beach (Getty, The Tides South Beach)
Chetrit’s lender scores victory in South Beach hotel foreclosure
Chetrit’s lender scores victory in South Beach hotel foreclosure
100 Fairway Drive, Deerfield Beach with Ally Visram and Howard Wurzak (Wurzak Hotel Group, Google Maps)
Wurzak buys Deerfield Beach DoubleTree for $27M
Wurzak buys Deerfield Beach DoubleTree for $27M
Allied Partners' Eric Hadar and RH's Gary Friedman with the Savoy hotel (Allied Partners, Getty, Google Maps)
Inside RH’s plans for $100M renovation of Miami Beach hotel
Inside RH’s plans for $100M renovation of Miami Beach hotel
Moto Capital Group's Marcos Lima with 350 Ocean Drive (Loopnet, LinkedIn, Getty)
Toronto firm picks up Ocean Drive hotel for $39M
Toronto firm picks up Ocean Drive hotel for $39M
Red South Beach at 3010 Collins Avenue, Tom Assouline and August “Gussie” Busch (Instagram/gussiebusch, Google Maps, Getty)
Busch family partners with Assouline Capital to buy Red South Beach hotel
Busch family partners with Assouline Capital to buy Red South Beach hotel
Electra America's Joe Lubeck with rendering of Southplace City Center (Electra America)
Electra America JV plans $1B mixed-use redevelopment of Southland Mall
Electra America JV plans $1B mixed-use redevelopment of Southland Mall
Allied Partners founder Eric Hadar and The Savoy Hotel & Beach Club at 425 Ocean Drive (Google Maps, Getty)
Investor seeks $50M for allegedly botched Ocean Drive hotel repairs
Investor seeks $50M for allegedly botched Ocean Drive hotel repairs
arrow_forward_ios

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

Loading...