With Miami hot, Hyatt Hotels Corp. is looking to strike. The Chicago-based hotel operator said that construction of the Hyatt South Beach, its first branded hotel in the destination, is set to begin later this year, the Miami Herald reports.
An affiliate of Bay Harbor Islands-based Robert Finvarb Companies is developing the 105-room project at 1600 Collins Ave.
A 10-story glass tower and about 10,000 square feet of retail will replace the Tropical Gardens apartments, a 47-unit building that was vacated a couple months ago.
The hotel, scheduled to open in the first quarter of 2015, will be managed by Island Hospitality Management. It's location will be across the street from the Loews Miam Beach Hotel.