The 800-room lodge would be the anchor of Miami Seaside’s Conference Heart District with unused luxurious lodging and crowd areas, progressed connectivity, and infrastructure and resiliency upgrades.

MIAMI BEACH, Fla., April 11, 2025 /PRNewswire/ — Terra and Turnberry, two of South Florida’s eminent actual property building companies, have fix $392 million in structure financing that can backup walk the improvement of Lavish Hyatt Miami Seaside, an 800-room, 17-story attribute adjoining to the Miami Seaside Conference Heart. The financing used to be equipped via TYKO Capital, a multi-billion-dollar business actual property non-public fairness and personal credit score funding control platform, subsidized via Elliott Funding Control and led via Adi Chugh. With pre-construction sitework already finished, the financing paves the way in which for the venture’s groundbreaking, with supply slated for past due 2027.

“With construction financing in place and strong public support behind us, we are eager to bring this landmark hotel to life,” stated David Martin, CEO of Terra, and Jackie Soffer, Chairman and CEO of Turnberry. “Grand Hyatt Miami Beach will fill a longstanding gap in Miami Beach’s hospitality offerings, elevating the conventions and events that come to our community while creating jobs, new revenue and economic impact.”

Strategically situated at seventeenth Side road and Conference Heart Force, Lavish Hyatt Miami Seaside will serve seamless get right of entry to to the newly renovated Miami Seaside Conference Heart. With resort-style facilities, the lodge will try to lend as Miami Seaside’s first primary conference lodge adjoining to and attached to the Miami Seaside Conference Heart, improving town’s skill to draw primary nationwide and world shoppers.

“Grand Hyatt Miami Beach is a game-changer for major meeting and event planners and a transformative addition to our convention center ecosystem,” stated David Whitaker, President & CEO of the Higher Miami Conference & Guests Bureau. “With an unmatched location seamlessly connected to the Miami Beach Convention Center and just steps from world-renowned Miami Beach, this hotel creates a one-of-a-kind experience for meeting planners and attendees alike. As a premier, year-round destination, Greater Miami is already a powerhouse for major events, and this addition solidifies our position as a top choice for high-profile conventions and meetings from around the globe.”

“Miami Beach is an iconic, grand destination known for its dynamic energy, cultural richness and world-class hospitality, and we are thrilled to introduce our Grand Hyatt brand to this key leisure and business travel market,” stated Pete Sears, Crew President, Americas for Hyatt. “Grand Hyatt Miami Beach will work to seamlessly blend the destination’s colorful, vibrant spirit with the brand’s bold architecture, inventive restaurants and luxury accommodations. We look forward to offering guests and World of Hyatt members a new way to experience Miami Beach in a setting that will be as inspiring as the city itself.”

Designed via Arquitectonica’s Bernardo Castle-Brescia, the attribute will attribute 12 flooring of visitor rooms, together with 52 suites with sweeping perspectives of Miami Seaside, along side 4 flooring of assembly and ballroom areas that can supplement the Miami Seaside Conference Heart’s match programming. Visitors will have the ability to experience a resort-style pond deck with panoramic town perspectives, a signature eating place, foyer living room and bar, in addition to retail dimension designed to turn on the street-level pedestrian enjoy. Moreover, a climate-controlled skybridge will serve seamless get right of entry to between the lodge and the Miami Seaside Conference Heart, improving connectivity and comfort for match attendees.

The financing information comes at the heels of a $75 million provide that the improvement used to be awarded during the Miami Seaside Redevelopment Company in past due 2024, underscoring its function as a important financial motive force for the patch. The provide displays sturdy crowd and personal backup for the lodge’s possible to improve Miami Seaside’s world competitiveness as a premier vacation spot for conferences, meetings and occasions.

The improvement additionally plans to introduce unused crowd areas, pedestrian-friendly promenades, bike-sharing stations, and connectivity to crowd transit, aligning with Miami Seaside’s broader sustainability and resilience targets era offering get right of entry to to town’s close by Lincoln Highway district.

Lavish Hyatt Miami Seaside has been years within the making, with plans for the lodge overwhelmingly licensed via Miami Seaside electorate in 2018. The venture is a key constituent of town’s efforts to develop into its Conference Heart District right into a extra dynamic, walkable and economically colourful hub.

To be informed extra concerning the Lavish Hyatt emblem, seek advice from www.grandhyatt.com.  

About Terra:
Terra is a Miami-based actual property building and funding corporate that creates communities, complements neighborhoods, and connects community. Led via David Martin, Terra used to be based in 2001 and is energetic throughout all primary actual property asset categories, together with multifamily flats, luxurious condo and single-family flats, retail and workplace dimension, motels, and business homes. Terra owns and operates a sparsely curated portfolio of actual property traits valued at greater than $8 billion that raise property of time; maximize the way in which by which community paintings, reside and entertain; and innovate the city and suburban park with an vision towards resiliency and sustainability. Since its founding, Terra has advanced greater than 5 million sq. toes of residential, business, and mixed-use tasks throughout South Florida. Terra prospers via assembling groups made out of the arena’s maximum achieved architects, designers, planners, engineers and developers who collaborate to deliver the company’s building visual to time. Be told extra at www.terragroup.com.

About Turnberry:
Turnberry is a eminent developer, proprietor and operator of luxurious locations, from motels and eating places to residential, retail and mixed-use tasks. It has advanced greater than $10 billion in business and home property, together with roughly 20 million sq. toes of retail dimension, greater than 7,000 flats and condo gadgets, 1.5 million sq. toes of sophistication “A” workplace dimension and greater than 3,000 lodge and lodge rooms. Led via Chairman and Leading Govt Officer Jackie Soffer, Turnberry owns and operates Aventura Mall, The town Heart Aventura, Destin Commons, JW Marriott Nashville, and The Seagate in Delray Seaside, Florida. The portfolio additionally contains an array of make a choice provider motels together with Place of abode Inn via Marriott Aventura Mall and Yard via Marriott Aventura. Turnberry is recently growing the 800-key Lavish Hyatt Miami Seaside attached to the Miami Seaside Conference Heart with Terra Crew. It additionally not too long ago introduced it might create the St. Regis Lodge and the St. Regis Flats in Nashville, Tennessee. In partnership with LeFrak, Turnberry is growing SoLé Mia in North Miami, an 184-acre venture that comes with plans for five,000+ gadgets and 1 million sq. toes of retail and business dimension. Recently at SoLé Mia, Turnberry is finishing structure on ONE Ground Tower, a 33-story tower with 292 bespoke flats. From additional information seek advice from:  www.Turnberry.com.  

About Lavish Hyatt:
World wide, Lavish Hyatt motels convey walk desires to time via celebrating the enduring in little main points and lavish moments. Situated on the crossroads of native tradition and world industry inside of primary gateway towns and lodge locations, every Lavish Hyatt lodge is uniquely designed to be an interesting vacation spot inside of a vacation spot. Lavish Hyatt motels ship welcoming and increased provider, top notch lodging and an excess of choices inside of a multicultural backdrop of dramatic structure and ambitious and colourful design. Lavish Hyatt motels boast creative eating places, luxurious spas, condition facilities, and industry and assembly amenities. For alternative knowledge or to produce a reservation, please seek advice from grandhyatt.com. Apply @GrandHyatt on Facebook and Instagram, and tag pictures with #GrandHyatt.

About TYKO:
TYKO Capital (“TYKO“) is a multi-billion-dollar Business Actual Property Non-public Fairness and Non-public Credit score Funding Control Platform, which is a three way partnership between Adi Chugh & a Florida founded hedge investmrent. TYKO used to be established in August 2023 to capitalize at the void within the CRE capital markets brought about via the flow macro-economic shape, that specialize in institutional debtors and institutional property, in govern tier markets. TYKO’s focal point and succeed in within the CRE dimension is exclusive, given the company’s proprietary offer sourcing functions and talent to dedicate massive quantities of capital to institutional offer. TYKO invests throughout all of the capital stack (Senior Financings, Entire Mortgage Financings, Young / Mezz, Pref Fairness, LP Fairness, GP Fairness) — and throughout all asset categories. Be told extra at www.tykocapital.com.

Rendering: Link.

Media Contacts:
For Terra 
Schwartz Media Methods
[email protected]   
305-858-3935                                                             

For Turnberry
Susan Ainsworth
[email protected]
917-861-7949

SOURCE Turnberry Pals