First Miami Yotel property to open in 2017

YOTEL Aria Development Group, together with AQARAT, is developing a new mixed-use project in Miami, set to open in 2017. The project will include luxury apartments and Miami's first Yotel hotel.

Aria Development Group, a New York and Miami-based real estate investment and development company, closed on a joint venture agreement with AQARAT, one of Kuwait's leading real estate companies, to develop the tower. The joint venture was arranged by New York-based private equity firm Empire Square Group. The hotel will have 250 cabins and  guest facilities including a restaurant and bar, pool deck and gym.

The announcement comes at the heels of Aria Development Group's acclaimed development 321 Ocean, a beachfront condominium located on the sand in the exclusive South Beach enclave known as South of Fifth.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.