A redeveloped Hilton hotel near the Miami Beach Convention Center is getting closer to completion after receiving a $103 million bridge loan originated by Peachtree Group.
Atlanta-based private investment firm Peachtree announced Monday it has stepped in with a loan to “support the recapitalization and completion” of the 289-key Hilton Miami Beach Convention Center Hotel, formerly home to the historic Collins Park Hotel site. The hotel is slated to open in May, according to a press release.
The site is designated by the city’s Historic Preservation Board and previously consisted of seven buildings that were designed by prominent Miami architects L. Murray Dixon and Albert Anis.
“Projects like this require thoughtful structuring given the complexity of historic redevelopment and construction completion,” Jared Schlosser, head of originations and CPACE at Peachtree, said in the release.
Financing for the Hilton hotel reflects Peachtree’s “continued focus on providing structured lending solutions for complex commercial real estate transactions,” per the release. So far in 2026, the firm has completed 17 transactions totaling $504 million in originations, including nine hotel financings representing $253 million.
The Hilton hotel’s proximity to the beach and convention center will position it to “capture both group and leisure demand” in one of the state’s hottest tourist destinations, according to Peachtree.
In 2020, the convention center underwent about $640 million in renovations and now features roughly 1.4 million square feet of event space. It will be anchored by an adjacent 800-room Grand Hyatt Miami Beach hotel, set to open in late 2027, according to the City of Miami Beach.
Miami has a growing luxury hotel market, with Delano Miami Beach set to reopen early this year. Meanwhile, Hyatt debuted its Andaz brand in the market last spring.
The South Florida city performed especially well in January, when the market was the only U.S. city to post double-digit ADR growth, rising 12.4% year over year to reach $160.54.
