On Wednesday, Fontainebleau Miami Seaside unveiled its new five-story Coastal Conference Heart, providing a brand-new, high-end conference area.
Conferences and conventions are important to the property. “The larger Miami space has seen a gentle progress in demand for contemporary, luxurious assembly areas for each enterprise and leisure occasions over the previous decade, and over half of Fontainebleau Miami Seaside’s enterprise is expounded to conventions and teams,” stated Philip Goldfarb, chief working officer for Fontainebleau Improvement.
The brand new conference heart contains 45,000 sq. ft of assembly area. This features a 16,500-square-foot ballroom, a 9,500-square-foot junior ballroom, and a 7,000-square-foot rooftop deck. It connects to Fontainebleau Miami Seaside through sky bridge, including to the resort’s 200,000 sq. ft of indoor and out of doors assembly and occasion area.
Bloomberg studies that Fontainebleau Miami Seaside bought a $975 million business mortgage-backed safety to refinance debt. A few of these funds, it studies, are earmarked to repay a $75 million building mortgage for the brand new conference heart.
“The Coastal Conference Heart is an asset for Miami Dade County, and all of South Florida. It’s going to open the door for large prospects for us to draw bigger and extra versatile occasions,” says David Whitaker, president and CEO of the Larger Miami Conference & Guests Bureau.
The opening of the brand new conference heart got here days earlier than the resort celebrates its seventieth anniversary on December 21, 2024. As well as, the Coastal Conference Heart opening additionally fell on the primary anniversary of the opening of the $3.7 billion Fontainebleau in Las Vegas.
