MIAMI—Miami is witnessing record levels of international tourism, driving hotel operators from around the world to break ground on new developments—or acquire existing assets. Case in point: construction is starting on a new Hyatt Place hotel near Miami International Airport.
Located at 3549 LeJeune Road near the intersection of State Road 112, the 135-room hotel, becomes the first Hyatt Place to be developed in Miami from the ground up. Hyatt Place Miami Airport is expected to open in the fourth quarter of 2014.
While much of Miami's new hotel development has been fueled by in-bound investment on the part of some of the largest hospitality developers around the world, the new Hyatt Place is the brainchild of locally-based MIA LeJeune, LLC. It's a joint venture led by one of Miami's most active private real estate investment firms, Mayan Properties.
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