Terra Group, Turnberry start work on 800-room hotel, Grand Hyatt Miami Beach

5/21/2025

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• Subcategory: Hospitality: Hotel

• Tag: JV-Partnership | New Construction

• Additional Filters-Tags: Hospitality: Franchise

• Company: Hyatt Hotels Corp (NYSE: H), Turnberry, Terra Group

Developers Terra and Turnberry have started work on the Grand Hyatt Miami Beach – an 800-room hotel connected to the Miami Beach Convention Center. The project is backed by $392 million in construction financing from TYKO Capital. The convention center just completed a $640 million renovation.