After 2013 groundbreaking, Hollywood beach resort finally set to open in spring

Costa Hollywood Beach Resort, a 307-unit hotel with a mix of studios and suites, is offering introductory nightly rates starting at $219

TRD MIAMI /
Feb.February 03, 2018 11:30 AM

Costa Hollywood Beach Resort

It has taken longer than expected, but a 307-key oceanfront resort hotel in Hollywood is finally set to open in spring.

Costa Hollywood Beach Resort will offer introductory rates starting at $219 per night for studios and one-, two- and three-bedroom suites.

Aimed at families planning extended stays, each Costa Hollywood suite will be equipped with a full-size refrigerator, microwave oven and oven/cooktop. Suites range in size from 405 square feet to 1,275 square feet. Nightly rates include two beach chairs and complimentary Wi-Fi and cover programs and activities for children.

Costa Hollywood will feature a rooftop swimming-pool deck and a poolside restaurant/bar overlooking the Atlantic Ocean and Intracoastal Waterway. Piegari, an award-winning restaurant in Buenos Aires, Argentina, will open its first U.S. location at Costa Hollywood in summer.

Evolution Hospitality, a San Clemente, California-based hotel investment and management firm, is the manager of Costa Hollywood, located at 777 North Ocean Drive.

In 2014, the development temporarily was named Meliá Costa Hollywood Beach Resort after hotel operator Meliá Hotels International agreed to be the resort’s manager.

The slower-than-expected construction of the development began in 2013, when the developer was marketing Costa Hollywood’s 307 units as condos to investors in South America and Argentina, in particular.

Originally scheduled to open in 2014, Costa Hollywood attracted a $70 million loan in 2015 to finish construction. At that point in the project, Moses Bensusan, the Canadian developer of the Hollywood resort, had presold 85 percent of the units. – Mike Seemuth


Related Articles

arrow_forward_ios
Housing Trust Group CEO and President Matt Rieger and renderings of the project (City of Hollywood)

Hollywood approves multifamily affordable housing project

Hollywood approves multifamily affordable housing project
The Emerald Hills golf course and Ari Pearl

Developers propose Nicklaus redesign of Emerald Hills golf course, luxury residences

Developers propose Nicklaus redesign of Emerald Hills golf course, luxury residences
A rendering of the project at 2717 Van Buren Street

French developer plans to build a cluster of rentals in Hollywood

French developer plans to build a cluster of rentals in Hollywood
From left: Jeff Soffer, Brian Kingston of Brookfield Property Partners, Brett Mufson and Diplomat Beach Resort Hollywood

Jeffrey Soffer’s $800M Diplomat resort purchase called off

Jeffrey Soffer’s $800M Diplomat resort purchase called off
Jesus Quintero and Phil Gutman, with a rendering of Quint Hollywood

Brown Harris Stevens tapped to sell Quint Hollywood townhome project

Brown Harris Stevens tapped to sell Quint Hollywood townhome project
BTI Partners CEO Noah Breakstone and the property

BTI Partners pays $16M for downtown Hollywood site of major mixed-use project

BTI Partners pays $16M for downtown Hollywood site of major mixed-use project
Hyde Beach House Resort & Residences, Carlos Rosso and Drew Sims

Sotherly closes on acquisition of Hyde Beach House hotel space

Sotherly closes on acquisition of Hyde Beach House hotel space
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

TIAA sells Weston warehouse for $33M
arrow_forward_ios

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

Loading...