Related Cos. considers adding a second convention center hotel in West Palm

Miami /
Feb.February 13, 2017 10:30 AM

The Related Companies is considering building a second convention center hotel in West Palm Beach after a successful first year for its Hilton hotel. 

Ken Himmel, president and CEO of Related Urban, told the Palm Beach Post that the hotel has seen high occupancies and room rates since it opened in January of last year, which was boosted by media bookings in town to cover President Donald Trump’s visits to Mar-a-Lago.

The Hilton, at 600 Okeechobee Boulevard, is also the only South Florida hotel connected to a convention center. “The convention center has tripled its bookings going forward,” Himmel told the newspaper. In downtown Miami, a convention center plus hotel is planned for Miami Worldcenter, and in Miami Beach, a convention center hotel has failed to gain traction since residents rejected a ballot measure that would have allowed for a hotel.

Related would built the second, 200-room hotel on an adjacent parking lot and the property would share the Hilton’s amenities. Related spent roughly $110 million on the 12-story, 400-room hotel.

Himmel told the Post that the company would make a final decision on the hotel by the end of the year and possibly deliver it by the end of 2019. It could be a boutique Hilton brand. [Palm Beach Post] – Katherine Kallergis


Related Articles

arrow_forward_ios
UOVO Founder Steven Guttman (UOVO)
UOVO scoops up art storage facilities in Miami, West Palm Beach in $50M buy
UOVO scoops up art storage facilities in Miami, West Palm Beach in $50M buy
Domenic Gatto and Banyan Cay Resort and Club (Linkedin, iStock, Banyan Cay)
Developer of Banyan Cay Resort in West Palm faces charge tied to $65M healthcare fraud
Developer of Banyan Cay Resort in West Palm faces charge tied to $65M healthcare fraud
Renderings of Joseph’s Classic Market building, Workspaces at the Press and Shops at the Press. Tricera executives Scott Sherman (left) and Ben Mandell (Storyn, Tricera)
Tricera Capital scores $51M for Palm Beach Post office-retail redevelopment
Tricera Capital scores $51M for Palm Beach Post office-retail redevelopment
Clockwise from top left: 375 South County Road, 225 Worth Avenue, 220 Peruvian Avenue and 219 Worth Avenue (Google Maps) 
Burton Handelsman sells Palm Beach retail, offices for $58M
Burton Handelsman sells Palm Beach retail, offices for $58M
An aerial of 307 Melody Lane in Lantana (Colliers)
Multifamily portfolio in Palm Beach County hits market for $12M
Multifamily portfolio in Palm Beach County hits market for $12M
The Bristol at 1100 South Flagler Drive, West Palm Beach (Bristol, TV Guide)
Annenberg publishing heir sells condo at The Bristol in WPB for $8M
Annenberg publishing heir sells condo at The Bristol in WPB for $8M
2001 and 2007 Palm Beach Lakes Boulevard (Google Maps)
Investor continues buying spree, snags West Palm Beach office buildings for $7M
Investor continues buying spree, snags West Palm Beach office buildings for $7M
Jorge Perez and Jon Paul Perez and a rendering of the project (Getty, Quantum Space Studio)
Related scores $95M loan for two-tower luxury rental project in West Palm
Related scores $95M loan for two-tower luxury rental project in West Palm
arrow_forward_ios

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

Loading...