Development Starts on New Hyatt Place Near MIA
- Dec 20, 2013
Construction is beginning on a new Hyatt Place property near Miami International Airport. Located at 3549 Le Jeune Road near the intersection of State Road 112, the 135-room Hyatt Place Miami Airport will be the first newly built Hyatt Place in Miami. The development is a joint venture between Mayan Properties, Concord Hospitality and Travelers Hotel Group.
“Hyatt Place has carved a niche in the select service category nationally, yet Miami-Dade is lacking a Hyatt Place property that was built from scratch,”says, Boaz Ashbel, Mayan Properties principal.
The Hyatt Place brand is well-known all around the globe due to the broad network of more than 180 hotels worldwide. The facility will offer multiple areas to work and relax, media centers equipped with widescreen HDTVs and spacious guestrooms, all with multitasking travelers’ busy schedules in mind. A fitness center and a bar will be available inside, while a pool deck and a terrace will be at guests’ disposal for outdoor events. Hyatt Place hotels offer daily breakfasts and Wi-Fi access during the stay.
“Our new hotel’s location, amenities, and mid-range price point will appeal to business and leisure travelers looking for a comfortable, convenient and stylish place to stay within close proximity of MIA,” Boaz Ashbel added.
As opposed to current Miami hotel development trends, the project is a local joint venture’s initiative. Based in Coconut Grove, MIA LeJeune LLC is led by one of Miami’s most active private real estate investment firms, Mayan Properties. Travelers Hotel Group will finance and build the facility, and one of the leading U.S. hotel operators, Concord Hospitality is entrusted with leading the management once the hotel opens. The design team includes PFVS Architecture and local architect Israel Bigelman whereas interior design is MoniOmi Design’s responsibility. RCI Inc. is the general contractor for the $21 million project. A $15 million construction loan has recently been secured by Aztec Group, the Mayan Properties affiliate also raised additional equity for the project.
Mark Laport, president of Concord is confident regarding the project’s success, saying that “Hyatt Place, with its integrated high-tech touches, is exactly the right brand for any airport submarket, but especially for Miami, with its high volume of international travelers and cruise passengers.”
Hyatt Place Miami Airport is expected to open in late 2014.
Photo Credits: Hyatt Hotels and Resorts