PMG, Greybrook Realty to develop Miami's first Waldorf Astoria

A rendering of the Waldorf Astoria Hotel & Residences Miami. Photo credit: ArX Solutions(Hilton)

New York-based developer Property Markets Group, along with Toronto-based private equity and asset management firm Greybrook Realty Partners, are partnering with Hilton to bring a new Waldorf Astoria Hotels & Resorts property to Miami for the first time. The Waldorf Astoria Hotel & Residences Miami will be located at 300 Biscayne Boulevard in downtown Miami.

The property will consist of a five-star hotel, private residences, retail and culinary destinations rising 1,049 feet above Biscayne Bay as one of the tallest hotel and residential towers along the East Coast. Carlos Ott was responsible for the conceptual design and Sieger Suarez was responsible for the architectural design.

“We are thrilled to bring the rich history and heritage of this hotel brand to Miami,” Ryan Shear, principal of PMG, said in a statement. “The city continues to thrive as a top global destination with increasing arts, culture, tourism, fashion and luxury brands. This partnership is a major milestone for Miami’s real estate and hospitality industries.” 

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“This property is a highlight in our real estate development portfolio with an architecturally stunning design and outstanding amenities,” Peter Politis, CEO of Greybrook Realty Partners, said in a statement. “The partnership with Hilton to bring this exceptional hospitality brand to the Miami market raises the bar and will provide future residents and guests of Waldorf Astoria Hotel & Residences Miami with an unparalleled first-class experience.” 

With 30 properties globally, each Waldorf Astoria hotel consists of unique architecture and design elements.

“We are incredibly excited to partner with PMG and Greybrook Realty Partners to bring the first Waldorf Astoria to Miami,” Danny Hughes, EVP and president, Americas, Hilton, said in a statement. “Miami—a vibrant, dynamic and truly cosmopolitan destination that draws travelers from all over the world—is the perfect market for our iconic Waldorf Astoria brand.”

Recently, Waldorf Astoria launched its “Live Unforgettable” campaign, which works in tandem with True Waldorf Service. PMG will also incorporate several signature elements at the Waldorf Astoria Hotel & Residences Miami. More information regarding the project will be made available in the coming months.

Waldorf Astoria Hotel & Residences Miami will be managed by Hilton Management Services.

“Our iconic hotels, resorts and residences around the world consistently create inspirational environments and impressive spaces worthy of hosting history,” Dino Michael, global brand head, Waldorf Astoria Hotels & Resorts, said in a statement. Waldorf Astoria Hotel & Residences Miami will not only transform the city skyline, it will usher in a new level of service in the Miami market—creating an unforgettable experience for every resident and guest.”