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.