Morgans Hotel Group is forming a new joint venture that has purchased and will renovate an apartment building on Biscayne Bay in South Beach (Miami) into a hotel operated under MHG’s Mondrian brand. The new luxury hotel is the fourth announced Mondrian, including Los Angeles, Scottsdale, and a property under development in Las Vegas, and will be operated by MHG under a long-term incentive management contract.
The 16-story property will be renovated to create MHG’s distinctive lodging, dining and nightlife experience, and will include numerous other hotel amenities, such as a pool, spa, event and meeting space. The property fronts Biscayne Bay and offers spectacular views of the downtown Miami skyline, the Atlantic Ocean and South Beach. The hotel will have approximately 342 units comprised of studios, one and two-bedroom units, and four penthouse suites. In addition, given the property’s prime location, Mondrian will offer a vast array of waterfront services, including private VIP boat slips for sailing and yachting and recreational activities for its guests.
“With our Miami Mondrian, we are expanding MHG’s presence and the diversity of our brands in a market we know well and where we have had great success with Delano and The Shore Club,” said Ed Scheetz, President and Chief Executive Officer. “The South Beach market is strong and continues to be an international destination of choice for savvy travelers who prefer the exclusivity and sophistication of our properties. When the renovations are completed, we expect Mondrian to be one of the most sought after properties in Miami Beach. We very much look forward to opening the hotel and to having an expanded presence in South Beach.”