Developer scores construction loan for dual-branded Marriott hotel at Dania Pointe

$800M project calls for 800K sf of retail, 500K sf of office, two hotels and resi units

Feb.February 06, 2019 04:30 PM

Rendering of Dania Pointe hotel

Economos Properties closed on a construction loan for a dual-branded Marriott hotel at Dania Pointe, a major mixed-use project in Dania Beach.

Boca Raton-based Economos, led by Nicholas Economos Jr., secured a $52.5 million loan from Citizens Bank for the 420,000-square-foot hotel complex, property records show. The $75 million hotel, which will consist of a full-service Marriott and an AC Hotel by Marriott, is part of the $800 million, 102-acre development.

Kimco Realty is the lead developer of the project, just east of I-95 at Stirling and Bryan roads. When it’s completed, Dania Pointe will have 800,000 square feet of open-air retail space, 500,000 square feet of Class A office space and more than 1,000 apartment and condo units.

The hotels will be built above 25,000 square feet of retail space, and will feature separate sky lobbies, ballrooms and meeting space, and an amenity deck with an infinity pool, pool deck, spa and gym. The 14-story Marriott will have 196 rooms and the AC hotel will be 11 stories tall with 154 units.

It’s set to be completed in 2020, in time for the Super Bowl, which is being held in Miami.

Retail tenants include Brandsmart USA, Lucky’s Market, Ulta Beauty, Starbucks, Outback Steakhouse and Burger King.

In September, Meyers Group closed on a $35 million construction loan for the first phase of Avery Dania Pointe, a luxury rental development at the project. The first phase, consisting of an eight-story, 264-unit luxury apartment building, is slated to open the first quarter of 2020.

Related Articles

A rendering of the planned headquarters

Spirit Airlines plans to build $250M HQ campus in Dania Beach

The Julia hotel, Jesper Arnoldsso

SMS Lodging lists Miami Beach hotel after selling another for $21M

From left: Stambul’s Daniel Peña, Hotusa Group's Amancio López Seijas and Langford Hotel at 121 SE 1st Street (Credit: Google Maps and Hotusa)

Hotusa Hotels buys the redeveloped Langford for $37M

Jeffrey Soffer and the Diplomat Beach Resort (Credit: Getty Images)

Jeffrey Soffer in talks to buy 1,000-room Diplomat Beach Resort for under $1B: report

Cavalier and Henrosa hotels with Susan Gale of One Sotheby’s International Realty

Two South Beach hotels hit the market for $42M

From left: Jay Roberts, Keith Menin andRussell Galbut

Russell Galbut, Keith Menin ink deal with short-term rental operator Domio

Rendering of the Moxy Hotel, Pierre Charalambides and David Grutman (Credit: Kobi Karp)

Wynwood is getting its own Moxy hotel

Regency Hotel Miami (Credit: Google Maps)

Regency Miami near Beckham’s planned soccer complex trades for $26M