After a Decade of Delays, Hilton Miami Beach Sets an Early 2027 Debut Inside Five Restored Art Deco and MiMo Buildings
The long-stalled redevelopment of the old Collins Park Hotel site near the Miami Beach Convention Center finally has an opening window. Hilton is taking reservations from Jan. 1, 2027, after a $103 mi
MIAMI BEACH — One of Miami Beach’s longest-running hotel construction sagas finally has an opening window.
Hilton announced on Nov. 6 that Hilton Miami Beach, a 289-room hotel at 2000 Park Ave. in the city’s Museum Historic District, is anticipated to open in early 2027. The property will restore and connect five historic buildings dating from 1938 to 1953, spanning nearly an entire city block a short walk from the Miami Beach Convention Center.
Hilton is accepting reservations for Jan. 1, 2027 and beyond, according to Groundbreak Miami, which tracks the project.
A project that started in 2015
The opening announcement caps a long and expensive road. Construction began in 2015, and the project has been “beset by delays and cost increases” since, Bisnow reported in March.
The developer is a joint venture of The Chetrit Group, The Jesta Group and The Lotus Group, with architecture by Kobi Karp Architecture & Interior Design, according to Groundbreak.
The financing history tells the story. According to Bisnow, citing The Real Deal, Chetrit started construction with a $55 million loan in 2015, then secured a $62 million construction loan from Maxim Capital in 2021 and an $82 million loan from Kawa Capital in 2022. Lotus joined when the project was refinanced with an $88 million Kawa Capital loan in 2024.
In March 2026, Atlanta-based Peachtree Group provided a $103 million loan to the joint venture to recapitalize and complete construction, Bisnow reported. At that point, the hotel was slated to open in May of this year. Earlier, it was supposed to open by 2024 with 294 rooms, Bisnow noted, citing Florida YIMBY.
General contractor The Rinaldi Group lists it as a $58 million project, according to both Bisnow and Groundbreak. Groundbreak describes the hotel as a 172,000-square-foot project with buildings of three to six stories.
Five buildings, three architects
The architecture is the selling point. According to Hilton, the collection traces Miami Beach’s evolution from Streamline Moderne to postwar Miami Modern, or MiMo, design:
- The Collins Park Hotel, designed by Henry Hohauser and completed in 1939, with a curved glass entrance pavilion, chevron detailing, rounded corners and its original “2000” address feature. During World War II, it served as military housing for the U.S. Army Air Forces Technical Training Command.
- The former Adams Hotel, designed by L. Murray Dixon in 1938, with a stepped tower, ribbon windows and a rooftop lantern.
- The Tyler Hotel, designed by Albert Anis in 1940, with sculptural bas-relief panels and a dual-lobby configuration.
- The former Copley Terrace Apartments, designed by Dixon in 1938.
- The S&M Apartments, completed in 1948 and later known as Sunking II, along with the Lord Charles and Gamshire buildings, designed by Anis in 1953 as a pair.
Hilton said the buildings sat through years of vacancy and a fire in 2012 before the restoration.
“Few hotels offer guests the opportunity to experience nearly 90 years of architectural history in one property,” Bruce Siegel, vice president of operations and general manager of Hilton Miami Beach, said in the release.
What guests will get
Hilton’s plans include three swimming pools, one in a landscaped ground-level courtyard and two on rooftops. Dining will include a signature coastal restaurant, a casual café with specialty coffee and grab-and-go items, room service, a rooftop bar and an on-site market.
Interiors will draw on the area’s Art Deco and midcentury architecture with soft pinks and greens, polished metals, rounded forms and geometric patterns, according to the release. Other amenities include a 24-hour fitness center, complimentary bicycles, beach access with loungers and towels, and rooftop and outdoor event spaces aimed at corporate gatherings, receptions and private events.
Why the location matters
The hotel sits about a four-minute walk from the Miami Beach Convention Center, Bisnow reported. The convention center recently added a 60,000-square-foot ballroom and 127,000 square feet of meeting space in a $640 million renovation project.
That makes the event spaces at 2000 Park Ave. a key part of the business plan. Hilton is pitching the property for “business or leisure,” in Siegel’s words, and it sits within walking distance of Collins Avenue, Ocean Drive and Lincoln Road.
The takeaway for investors
The Hilton Miami Beach shows both sides of historic redevelopment in Miami Beach. Restoring protected Art Deco and MiMo buildings can produce a property with real character and a prime location. It can also stretch timelines and capital stacks far beyond the original plan: this one has gone through at least five rounds of financing over roughly 11 years.
If Hilton’s early 2027 target holds, a block that has been vacant or under construction for years will finally start generating room nights. For now, the only firm date is the first night Hilton is willing to sell: Jan. 1, 2027.