Pebb Capital Opens New Hampton Inn by Hilton in Miami Beach, Florida
Historic property transformed into Hilton hotel brand
MIAMI - Pebb Capital — a diversified, multi-strategy real estate and private equity investment firm — today announced the opening of Hampton Inn by Hilton Miami Beach Mid-Beach in Miami Beach, Florida. The new 100-key hotel features a wide range of amenities in one of the U.S.’ leading tourism destinations. This news follows the company’s acquisition of the historically-designated property in 2016 and subsequent engagement in a $25 million rehabilitation to reposition its interiors to align with the Hampton by Hilton brand while reinvigorating the architectural splendor of the building.
With extensive expertise in all real estate asset classes, Pebb Capital’s vision for Hampton Inn by Hilton Miami Beach Mid-Beach has been realized, delivering a value-driven hospitality offering surrounded by luxury hotel product and in proximity to the beach, entertainment, and shopping. Located just one block from the ocean at 4000 Collins Avenue, the property will provide unmatched value for guests seeking to experience all that Miami Beach has to offer.
Designed by Abraham Herbert Mathes in the 1940s as the Continental Hotel, Pebb Capital’s revival of the five-story, historic building included significant restorations to its marble-clad reception desk and repainting its façade to its former presentation of traditional Miami Modernist (MiMo) style, which captivated Miami Beach design in the post-World War II era. Mathes’ design of clean vertical lines with large windows for natural light and openness was also preserved. Prior to Pebb Capital converting the property back to its original hotel status, it served as a condominium in the early 1990s, named The Continental on Collins Ave Condo.
“We’re thrilled to deliver this property in a coveted location and celebrate its ongoing architectural legacy while ushering in the contemporary qualities of Hampton by Hilton,” said Todd Benson, managing director of development and asset management with Pebb Capital. “This transformed property is a solid addition to our expanding portfolio, further demonstrating our commitment to creating one-of-a-kind destinations in high-density, urban markets.”
Guest rooms and common area spaces boast the comforts and amenities synonymous with Hampton by Hilton. This includes a fully renovated pool, fitness center, and business center, as well as 100 spacious rooms. Every Hampton by Hilton guest will enjoy the brand’s signature free, hot breakfast with healthy options; On the Run™ breakfast bags; and free WiFi in every room. Hampton continues to lead the pack in terms of guest experience, with guest happiness being the number one priority, backed by the 100% Hampton Guarantee™.
Set to open in November 2020, the hotel’s ground floor will welcome Piola restaurant, complete with an outdoor terrace and bar. Future plans by Pebb Capital also call for an adjacent surface parking lot, owned by the firm, to be developed into a parking garage with ground-floor retail.
Hampton Inn by Hilton Miami Beach Mid-Beach is part of Hilton Honors®, the award-winning guest-loyalty program for Hilton’s 17 distinct hotel brands. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount that can’t be found anywhere else, and free standard WiFi. Members also enjoy popular digital tools available exclusively through the industry-leading Hilton Honors mobile app, where Hilton Honors members can check-in, choose their room, and access their room using a Digital Key.
The hotel will be managed by Driftwood Hospitality Management. For more information or to make reservations, please visit Hampton Inn by Hilton Miami Beach Mid-Beach or call +1 305-532-4999.
About Pebb Capital
Founded in 2014, Pebb Capital is a diversified, multi-strategy real estate and private equity investment firm. The firm invests across the capital stack and focuses on value-oriented and cyclically-defensive investments that generate attractive risk-adjusted returns. Since its inception, the firm has amassed a portfolio exceeding $1 billion of investment value across multiple ventures, including in student housing, retail, lending, hospitality, and more. For further information, visit at www.pebbcap.com.
About Hampton by Hilton
As the number one ranked lodging franchise for the last decade and one of the top five brands of the century, according to Entrepreneur®, Hampton by Hilton – including Hampton Inn by Hilton and Hampton Inn & Suites by Hilton – serves quality-driven and value-conscious travelers at more than 2,600 properties in 29 countries and territories. The brand continues to lead its segment by providing guests with high-quality, thoughtfully designed accommodations and amenities, such as modern and spacious rooms, complimentary WiFi and free hot breakfast. Hampton by Hilton Team Members are committed to delivering exceptionally friendly and authentic service all backed by the 100% Hampton Guarantee™. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. For more information about Hampton by Hilton, visit www.hampton.com or newsroom.hilton.com/hampton, and connect on Facebook, Twitter, YouTube, and Instagram.
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,300 properties with nearly one million rooms, in 118 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on the 2020 World’s Best Workplaces list, and was named the 2020 Global Industry Leader on the Dow Jones Sustainability Indices. In 2020, Hilton CleanStay was introduced, bringing an industry-defining standard of cleanliness and disinfection to hotels worldwide. Through the award-winning guest loyalty program Hilton Honors, the more than 110 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy, plus enjoy instant benefits, including contactless check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.Download Article Photos