MIAMI BEACH, Fla.
Hyatt Hotels Corporation announced that a wholly-owned subsidiary has entered into an agreement to purchase the 380-room Thompson Miami Beach hotel from an affiliate of Geolo Capital.
The transaction is expected to close in late April, and the hotel will be rebranded as The Confidante upon opening, joining the existing properties in The Unbound Collection by Hyatt brand.
“The acquisition of this high-quality hotel allows Hyatt continued strategic growth in a critical market for both the company and for our newest brand, The Unbound Collection by Hyatt,” said Stephen Haggerty, global head, real estate and capital strategy for Hyatt. “We are thrilled to expand our presence in Miami Beach, a market in which we have great unmet demand from our guests.”
The Confidante will aim to provide guests with everything they need for an “uncomplicated and timeless” Miami Beach experience. Taking cues from its mid-century modern design, The Confidante will celebrate its unique, storied history with historical details throughout its spaces.
With deep historical roots in Miami Beach, The Confidante is a three-towered property that pays homage to the vibrant feeling of the city in the 1950s. Serving at one time as the tallest modern building in Miami Beach, The Confidante originally opened as the 18-floor Lord Tarleton Hotel on Collins Avenue, making headlines and representing a boom for the city’s economy.
In 1955, it reopened as the Crown Hotel and later was converted into a three-tower apartment building. Since 2014, the property has operated as Thompson Miami Beach hotel.
The Confidante will feature 30 suites, two restaurants, two heated swimming pools, direct beach access, a rooftop spa, a full service salon, an indoor/outdoor fitness experience, in-room dining, a craft cocktail bar, and a lush tropical garden. It will also house approximately 35,000 square feet of venue space.
The Confidante will join The Unbound Collection by Hyatt, which has properties around the world, including The Driskill Hotel in Austin, Texas; the Hôtel du Louvre in Paris; the Carmelo Resort & Spa in Carmelo, Uruguay; and the Coco Palms Resort in Kauai, Hawaii, which is expected to reopen in 2018.
