Hotel Equities to build $52M hotel in Miami Beach/Surfside

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Hotel Equities has executed a Marriott franchise agreement to construct a $52 million resort-style Residence Inn by Marriott in Miami Beach/Surfside, Florida.

Hotel Equities will co-develop the 175-room one-of-a kind hotel in conjunction with Hotel Development Partners (HDP), a joint venture with Atlanta-based IRE Capital.

Groundbreaking is scheduled for January 2014 with opening anticipated in late spring 2015.

The hotel commands a two-acre site that includes a spacious, lushly landscaped interior courtyard area with an array of adjoining suites and unique guest amenities.The four-story property offers ocean views from a roof-top pool surrounded by cabanas and a full bar with the look and feel of Miami Beach fusion.

On the main floor, the communal-designed lobby and public space incorporates a tropical feel and features a uniquely Miami Beach-chic lobby bar.

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