Florida Hotel Development, Construction & Transactions

Florida remains one of the most active hotel development markets in the country, with significant capital flowing into luxury and upper-upscale projects across multiple sub-markets. Lodging Development currently tracks 190 hotel projects in the state representing approximately 27,587 rooms in various stages of planning and construction. Recent transaction activity has been equally substantial, with 85 deals of $10 million or more recorded over the past two years, totaling roughly $7.4 billion in aggregate value. New openings continue at a steady pace, with 10 properties delivering over 2,000 rooms in the past 24 months.

Among the projects currently tracked by Lodging Development in Florida, luxury developments are particularly prominent. The 331-room JW Marriott East Naples, under development by Columbia Sussex Corp., is the largest luxury project in construction and one of the most significant additions to the state's resort pipeline. In Boca Raton, Penn-Florida Companies is building the 164-room Mandarin Oriental Hotel, while Swire Properties Inc. has the 121-room Mandarin Oriental Miami at One Island Drive in the planning phase. The 180-room SIRO Hotel & Residences Brickell, being developed by 13th Floor Investments, is in early planning and would bring a new luxury brand to Miami's Brickell corridor. In total, Lodging Development tracks 190 projects across Florida encompassing 27,587 rooms at all stages of the development cycle.

Florida has seen 10 hotel openings totaling 2,059 rooms over the past 24 months. The most notable arrival was the 801-room Omni Fort Lauderdale, which opened in late November 2025 and stands as the largest new hotel to debut in the state during this period. The Four Seasons Resort at Naples Beach Club opened in late October 2025 with 220 luxury rooms. More recently, the UNFRAMED Miami Beach, Autograph Collection welcomed guests in early April 2026 with 147 upper-upscale rooms, and the 122-room Hyatt Studios Jacksonville / St Johns Town Center opened in mid-April 2026. Other deliveries have spanned the state from Middleburg to Orlando Sanford.

Over the past two years, Florida's hotel investment market has generated 85 transactions of $10 million or more, with an aggregate disclosed value of approximately $7.4 billion. This level of capital deployment underscores the continued appetite among institutional and private investors for Florida hospitality assets. Among recent transaction activity tracked by Lodging Development, the 109-room Residence Inn Tampa Downtown sold in October 2025 for $24.85 million to AAM 15 Management LLC, reflecting sustained interest in select-service assets in major metro areas. Laxmi Hotels Group LLC acquired both the 152-room Sonesta Select Boca Raton and the 151-room Sonesta Select Miami Lakes in late September 2025, assembling a portfolio position across South Florida's upscale extended-stay segment.