MIAMI BEACH -- A sister property to the landmark Fontainebleau
Hilton, called the Fontainebleau II, is slated to break ground in
Miami Beach in late spring as a 36-story, 462-unit condo hotel.
The Fontainebleau II is expected to have 250 to 300 studio, one-
and two-bedroom condos available in a rental pool that will become
part of the Hilton's inventory for regular guests. All
accommodations are commissionable.
The privately owned units, advertised at preconstruction prices
ranging from about $350,000 to more than $1 million, will be rented
by the hotel when unoccupied.
The sister operation, projected to open in 2004 next to the
Hilton, will occupy some of the real estate where the Hilton's
Normandy wing now stands. The wing itself will possibly lose up to
40 guest rooms, but the Hilton will end up with a net gain of
rooms, according to a hotel spokeswoman.
The original Fontainebleau Hilton, which has undergone several
renovations and expansions since it opened in 1954, encompasses 20
acres and has 1,206 guest units, including 60 suites.
With 190,000 square feet of meetings space in 43 meeting rooms,
it can handle functions for up to 5,000 attendees.
Hilton also will run the condo hotel, which is a joint venture
of The Muss Organization, owner of the Fontainebleau Hilton, and
Turnberry Associates, Aventura, Fla.