🏠 In April, the 23-storey Mandarin Oriental in Miami was demolished to make way for a new development featuring 228 branded residences in a 66-storey South Tower and a 34-storey North Tower with 121 hotel rooms. Scheduled for 2030, early sales have exceeded $1.2 billion. In Dallas, Hôtel St. Germain will be replaced by a $250 million, 23-storey mixed-use tower. This trend reflects a shift towards branded residences, with developers like Accor and Hilton expanding residential pipelines.

🏠 In the U.S., luxury hotel developments now require branded residences. In Miami, Swire Properties' Mandarin Oriental redevelopment is emblematic, featuring a 66-storey South Tower with 228 residences and a 34-storey North Tower planned as Mandarin Oriental’s flagship hotel with 121 rooms. Completion is set for 2030, with over half of the South Tower units sold, generating $1.2 billion, including two penthouses at nearly $50 million each. Developers like Marriott and Accor are pivoting to include residences for economic viability.

🏠 In early April, Miami's Mandarin Oriental hotel on Brickell Key was demolished for redevelopment into a two-tower project with 228 residences and a 121-room hotel, set to complete in 2030. The South Tower's units have generated $1.2 billion in sales. Similarly, Dallas' Hôtel St. Germain will be replaced by a $250 million mixed-use tower. Driven by demand, developers are increasingly combining hotels with branded residences to ensure early returns.

🏠 Early April, Miami: The 23-storey Mandarin Oriental hotel on Brickell Key was demolished to make way for a new development featuring 228 branded residences and a 121-room hotel in a 66-storey and 34-storey tower, respectively. Swire Properties plans completion by 2030. Already, over 50% of South Tower units sold, generating $1.2 billion, with penthouses nearing $50 million each. This trend also affects Dallas, with Hôtel St. Germain converting into a 23-storey mixed-use tower.