W Miami Hotel

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W Miami, formerly Viceroy Miami, is a luxury hotel located in Brickell, Miami and part of the three tower mixed-use Icon Brickell complex. The hotel, located at 485 Brickell Avenue, opened in 2009 and contains several restaurants, pools, and lounges. [1] [2]

Contents

Qatari hospitality investment firm Al Rayyan Tourism Investment Company (ARTIC), a wholly owned subsidiary of Al Faisal Holding, acquired the Viceroy Miami hotel in June 2016 for $64.5 million. [3] Following the sale, the hotel was rebranded as W Miami. [4]

Property details

The hotel opened in 2009 and was designed by Arquitectonica, a Miami-based international architecture, interior design, and urban planning company. [5] In 2011, the Viceroy was bought by Pebblebrook Hotel Trust for $36.5 million. [6]

W Miami is one of three towers in the Icon Brickell project. The 10-acre development is located in a waterfront property in the urban Brickell neighborhood of Greater Downtown Miami. Located in Tower 3, W Miami, consists of 148 rooms and suites, 5 commercial units, and 38 condominium hotel units in the 50-story building. [7]

W Miami is best known for its rooftop cocktail lounge on the 50th floor, the signature W Living Room on the hotel's 15th floor, and Florida's largest infinity pool also located on the rooftop. [8]

ARTIC acquisition

On June 1, 2016, Al Rayyan Tourism Investment Company (ARTIC), a subsidiary of the Qatar-based Al Faisal Holding Company, announced its acquisition of the Viceroy Miami hotel and the subsequent rebranding of the property into a W hotel. [9] The acquisition cost $64.5 million and led to the cessation of Viceroy's management of the hotel as Starwood took over management. [10]

The acquisition of Viceroy Miami was ARTIC's fifth investment in the U.S. and the second in Miami, following the $213 million acquisition of St. Regis Bal Harbour Resort in 2014. [11] [12] ARTIC's U.S. hospitality portfolio includes the Radisson Blu hotel in Chicago, the St. Regis Washington D.C., the Manhattan Times Square in New York, and the St. Regis Bal Harbour Hotel in Miami. [13] The W Miami is the third W hotel in South Florida, in addition to W South Beach and W Fort Lauderdale. [14] [15]

Awards

Before the 2016 ARTIC acquisition, Viceroy Miami was mentioned as one of USA Today's "10 Best" 2015 Best Hotel Rooftop Bars. [16] ARTIC also stated that Viceroy Miami had previously been awarded Conde Nast Traveler's Top Hotels in Florida in 2013 and 2015. [17]

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References

  1. ↑ "Miami Hotels | Hotel in Downtown Miami | W Miami". WcMiami. Retrieved 2017-02-16.
  2. ↑ "ARTIC expands US hotel portfolio with acquisition of Viceroy Miami". Al-Watan. Retrieved 2017-02-16.
  3. ↑ "Qatar's Artic acquires Miami hotel for $65m". www.tradearabia.com. Retrieved 2017-02-16.
  4. ↑ "Brickell's Viceroy Miami sells for $65 million, rebranded as W hotel". Miami Herald. Retrieved 2017-02-16.
  5. ↑ "Qatar's ARTIC acquires Viceroy Miami hotel for $65m". Arabian Business. Retrieved 2017-02-16.
  6. ↑ "Brickell's Viceroy Miami sells for $65 million, rebranded as W hotel". Miami Herald. Retrieved 2017-02-16.
  7. ↑ "ARTIC Acquires Viceroy Hotel". www.artic.com.qa. Retrieved 2017-02-16.
  8. ↑ "W Miami Reviews & Prices". travel.usnews.com. Retrieved 28 October 2020.
  9. ↑ "ARTIC Acquires Viceroy Hotel". www.artic.com.qa. Retrieved 2017-02-16.
  10. ↑ "Brickell's Viceroy Miami sells for $65 million, rebranded as W hotel". Miami Herald. Retrieved 2017-02-16.
  11. ↑ "ARTIC Acquires Viceroy Hotel". www.artic.com.qa. Retrieved 2017-02-16.
  12. ↑ "Starwood Sells Miami Hotel to Qatar's Al Faisal for $213 Million". Bloomberg.com. 2014-01-22. Retrieved 2017-02-16.
  13. ↑ "All". www.artic.com.qa. Retrieved 2017-02-16.
  14. ↑ "South Beach Hotel | Hotel on Collins Avenue | W South Beach". wsouthbeach.com. Retrieved 2017-02-16.
  15. ↑ "Fort Lauderdale Luxury Hotel | W Fort Lauderdale Hotel". wfortlauderdalehotel.com. Retrieved 2017-02-16.
  16. ↑ "Best Hotel Rooftop Bar Winners: 2015 10Best Readers' Choice Travel Awards". USA Today . 2015.
  17. ↑ "ARTIC Acquires Viceroy Hotel". www.artic.com.qa. 1 June 2016.

Coordinates: 25°46′07″N80°11′19″W / 25.768716°N 80.188727°W / 25.768716; -80.188727

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