The historic Tides Hotel in Miami Beach is scheduled to reopen in November 2026 following a $95.6 million foreclosure process. The property has been closed since 2017, when it was forced to shut down due to damage sustained during Hurricane Irma.
New owner Safe Harbor Capital Partners has undertaken extensive renovations to restore the facility. The prolonged closure was attributed to complex legal disputes involving the hotel's financing and insurance coverage.
In-depth summary · AI, neutral