Could a Hyatt Hotel Be Coming to South Beach?
Hersha Hospitality, the folks responsible for bringing Hyatt 48Lex and Hyatt Union Square to New York City, have just acquired a new property in Miami Beach--the Courtyard by Marriott Miami Beach Oceanfront. Hersha paid $95 million for the 263-room hotel and its adjacent beachfront which in its former life was known as the art deco hotel, Cadillac Hotel.
The full details of the purchase are here but Hersha does plan on building an additional 93-room all-suite oceanfront tower as well as more meeting space and a parking structure. The construction is expected begin next year and will finish in 2013.
All these fancy new upgrades have us wondering if Hersha will ditch the Courtyard by Marriott brand in favor of a Hyatt Hotel.
Currently, Hyatt only has a hotel in downtown Miami but not on the coveted Miami Beach. And while we have no problem with the Courtyard brand, Hersha could probably command higher rates with a Hyatt brand like Andaz. Ooo we just got the tingles.
Of course, this is complete and utter speculation on our part. For all we know, Hersha could be perfectly happy with Courtyard in place until the end of time. But if you know anything different, tip us off! Meanwhile, in other Courtyard news, a Courtyard by Marriott is now open in Siberia. For real.