Miami Marriott under development for $750M

Developers MDM Group, architects and community partners revealed plans for the Marriott Marquis Miami Worldcenter Hotel & Expo, slated to be the largest hotel in South Florida when it opens in the fall of 2018. 

The $750-million hotel will have more than 600,000 square feet of meeting and convention space and 1,800 hotel rooms. 

“Many don’t realize how big it is,” said John Nichols, CEO of Nichols Brosch Wurst Wolfe & Associates, citing the Fontainebleau Miami Beach’s 1,500 rooms. 

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Exhibit space will include a 100,000-square-foot exhibit hall ground floor, a 65,000-square-foot main ballroom, a 45,000-square-foot junior ballroom, 390,000 square feet of other meeting space, and a 10,000-square-foot, 1,500-seat lecture hall — all for a total of 610,000 square feet.

The hotel and expo center will generate the need for an additional 2,400 hotel rooms in the area.

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The debuts consist of a Hampton Inn, a Tapestry Collection and a Homewood Suites and total 410 rooms.

DTZ Investors has purchased the property along with other real estate for more than £70 million.