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FONTAINEBLEAU
HILTON &
FONTAINEBLEAU TOWERS LOCATION
Q:
Can you tell me about the location of the Fontainebleau
towers in Miami Beach?
A: The Fontainebleau Hilton on 44th
and Collins Ave. is the main hotel of this three-property
complex. The Hilton has been a true Miami Beach landmark
for exactly 50 years.It is located on prime oceanfront
property in an area long-referred to as Millionaire's
Row. It overlooks the intracoastal and its $3-5 million
luxurious, waterfront homes.
It is just minutes from the Miami
Beach Convention Center, which directly contributes
to its consistently high occupancy rates. However,
The Fontainebleau Hilton also has the largest convention
center of any South FL hotel, 200,000 sq. ft. to be
exact. With over 60% of their business coming from
corporate and convention business in the hotel, they
are not dependent on the city's convention center
to bring in their business.
The Fontainebleau II will be built
adjacent to the Fontainebleau Hilton on its south
side. Construction is well underway, and completion
of Fontainebleau II is expected by early 2005. Even
though the completed building doesn't exist yet, it
is being considered an unqualified success, having
sold 95% of their total units already.
The Fontainebleau III will also be
adjacent to and on the south side of the Hilton, however,
unlike the Fontainebleau II, it will actually be built
right on the sand and will have no oceanfront view
obstructions.
If you have visited Miami Beach in
past years, you might think you have seen the Fontainebleau
III before and you would be right. Years ago, the
Hilton purchased the adjacent Sorrento Hotel and earmarked
it for further expansion of the hotel facility. For
years, this building housed the Fontainebleau's Spa.
Now, they will be demolishing the building, except
the front facade which is historically designated
and must be preserved, and will build Fontainebleau
III on this site.
The above question(s) were submitted
via e-mail by a visitor to www.condohotelcenter.com.
The answer was prepared by Joel Greene, a licensed
real estate broker with Condo Hotel Center which specializes
in the sale of condo hotel units and fractional ownerships
in private residence clubs.
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