A new 133-room hotel will be co-owned by Sam Nazrian (a Los Angeles nightclub entrepreneur) and Jorge Perez (developers of the Related Group). It is going to cost $300 million SLS Brickell-brand condo-hotel to rise in Miami.
Location will be at 1300 South Miami Avenue and is anticipated to open at 2015. Cost per square foot will be at $500 each, totaling $600,000 per unit and the hotel rates will average $200 per night.
The building will be 15,000 sq. ft. for meeting space and cafés by Chefs Jose Andres and Michael Schwarts, 2 pools and a spa.