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Mandarin Oriental Miami

2 stories · First covered Apr 12, 2026 · Latest 2h ago
Mandarin Oriental Miami Coverage
They Blew Up a 326-Room Luxury Hotel. And Built Something With Fewer Rooms.

They Blew Up a 326-Room Luxury Hotel. And Built Something With Fewer Rooms.

Swire Properties imploded the 26-year-old Mandarin Oriental Miami on Sunday to replace it with a $1 billion development featuring just 121 hotel rooms... plus 228 residences priced up to $100 million each. The hotel business was never the point.

Mandarin Oriental Miami Traded 326 Hotel Rooms for 121. The Per-Key Bet Is Staggering.

Mandarin Oriental Miami Traded 326 Hotel Rooms for 121. The Per-Key Bet Is Staggering.

Swire Properties imploded a 326-room luxury hotel and is rebuilding with 121 keys, 298 branded residences, and $1.3 billion in pre-sales already booked. The capital structure tells you exactly where luxury hospitality profit margins are migrating.