Miami Beach hotel shut since 2017 set to reopen after $95.6m foreclosure
The historic Tides Hotel in Miami Beach, which has remained shuttered since Hurricane Irma in 2017, is set for a grand reopening in November 2026 after extensive renovations by its new owner, Safe Harbor Capital Partners. Legal disputes surrounding its financing and insurance have prolonged its closure. Newly acquired through a foreclosure auction, this iconic venue is ready to reclaim its status…
A historic Art Deco hotel on Miami Beach’s Ocean Drive is set to reopen after a nine-year closure, following a $95.6 million foreclosure judgment. The Tides Hotel, constructed in 1936, will reopen in November 2026, thanks to a multimillion-dollar renovation by its new owner, Safe Harbor Capital Partners. Hurricane Irma damaged the 45-room property in 2017, leading to extensive legal battles over unpaid mortgage, insurance funds, and foreclosure proceedings.
Safe Harbor has invested millions in restoring the property and is in talks with hotel operators and chefs for its food and beverage program. The reopening of the property at 1220 Ocean Drive, a prominent Art Deco landmark, will restore a significant presence on Miami Beach’s renowned street.
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