Miami Beach board approves Generator hostel/hotel expansion

London-based group plans 4-story building with 21 rooms, each under 300 sf

TRD MIAMI /
Oct.October 14, 2020 12:30 PM
Renderings of the project

Renderings of the project

The Miami Beach Historic Preservation Board approved the planned expansion of the Generator hostel/hotel on Collins Avenue.

Generator Group is adding a four-story building with 21 rooms to the property at 3120 Collins Avenue, which is kitty-corner to the Faena Hotel. The board approved the redesigned plans on Tuesday, praising Generator’s changes to its proposal.

The hospitality group now plans to preserve the existing garage instead of demolishing it, and will move the pool closer to the property line. Board member Scott Needleman was the sole vote against a variance allowing the smaller hostel/hotel rooms; the other ordinances all passed unanimously. The new rooms will be under 300 square feet.

Generator operates two hostel/hotels in Miami Beach, the Generator and the Freehand. The company has a total of 19 properties, including 13 in Europe and six in the U.S.

The Miami Beach Generator opened two years ago and was Generator’s first U.S. property. The site, previously known as the Atlantic Princess Condominium, was originally developed in 1926.

London-based private equity firm Queensgate Investments bought Generator Hostels from Patron Capital for $494 million in 2017. As part of the deal, Queensgate paid $19.6 million for the Generator Miami Beach building.

Nearby at 3425 Collins Avenue, billionaire developers Vlad Doronin and Len Blavatnik are seeking a zoning change that would allow them to build a 250-foot tall Aman-branded hotel and condo project on the site of the historic Versailles building. The Miami Beach City Commission is set to vote on the ordinances on second reading on Wednesday.






    Related Articles

    arrow_forward_ios
    Jon Oringer and 4358 North Bay Road (Getty, Realtor)

    Billionaire Shutterstock founder pays $42M for Miami Beach mansion, marking record

    Billionaire Shutterstock founder pays $42M for Miami Beach mansion, marking record
    Eddie Irvine with 1061 N Venetian Drive and 1350 S Venetian Way (Getty, Realtor)

    Spec home developer Eddie Irvine buys Venetian Islands lot

    Spec home developer Eddie Irvine buys Venetian Islands lot
    Pharrell, Eric Birnbaum and David Grutman with a rendering of the hotel (Getty, Linkedin, Goodtime Hotel)

    Pharrell, David Grutman partner with developer to launch South Beach hotel

    Pharrell, David Grutman partner with developer to launch South Beach hotel
    Icon unit tops list of most expensive condo sales in Miami-Dade (Google Maps; Icon Brickell)

    Condo sales and dollar volume up from last week

    Condo sales and dollar volume up from last week
    Phil Collins, Orianne Collins, and 5800 North Bay Road (Credit: Tim Chapman/Getty Images, and John Parra/Getty Images)

    Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

    Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave
    6493 Allison Road (Credit: Douglas Elliman)

    One Thousand Museum developer sells Allison Island home

    One Thousand Museum developer sells Allison Island home
    Greg Mirmelli with 2120 Bay Avenue (Credit: John Parra/Getty Images)

    Miami Beach investor sells waterfront home for $18M, following bidding war

    Miami Beach investor sells waterfront home for $18M, following bidding war
    Floyd Mayweather & 5501 Pine Tree Drive, Miami Beach (Credit: Google Maps and Jun Sato/Getty Images)

    Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss

    Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss
    arrow_forward_ios

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

    Loading...