Miami Beach hotel shut since 2017 set to reopen after $95.6m foreclosure
The historic Tides Hotel in Miami Beach is set to reopen in November 2026 after a $95.6 million foreclosure and extensive renovations. The property had been closed since 2017 due to damage from Hurricane Irma and subsequent legal disputes.
Why it matters
The reopening marks the revitalization of a significant Art Deco landmark in a major tourist destination.
A historic Art Deco hotel on Miami Beach’s Ocean Drive is preparing to welcome guests again after remaining closed for nine years. The Tides Hotel, built in 1936, is expected to reopen in November 2026 following a multimillion-dollar renovation by its new owner, Safe Harbor Capital Partners. The 45-room hotel was damaged by Hurricane Irma in September 2017 and never reopened. Its closure was followed by years of legal disputes over an unpaid mortgage, insurance money and foreclosure proceedings that culminated in a $95.6 million judgment against its former owners. As reported by American real estate media company The Real Deal, Safe Harbor has invested millions of dollars in renovating the property and is in discussions with hotel operators and chefs to develop its food and beverage programme.
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