Jeshayahu Boymelgreen is preparing to construct a 200-key, three story hotel in Surfside after arranging a $30 million construction loan.

The property at 9300 Collins Ave. had previously been planned for a townhouse complex.

Fort Lauderdale-based Fuse Group arranged the loan, its CEO Eyal Peretz told The Real Deal. The publication reported that the new hotel will have three rooftop pools, as outlined in a 2019 Surfside commission agenda item.

Previously, Boymelgreen had proposed a 68-townhouse complex for the 2.9 acre, non-waterfront site.

The property is vacant, except for a two-story, historically designated apartment building facade.