For the buyer choosing a home in a tower that also holds a hotel, who wants the sequence from first offer to recorded deed, and the points where a hotel changes it.
This page explains. Whether the building suits you is a separate conversation. Contact the desk at Miami Dossier for the current position on any building we cover.
The path is the same as any new Florida condo: reservation, purchase agreement, a 15 day window to cancel, staged deposits in escrow, closing at delivery, and a deed recorded with the county. A hotel adds papers at two points. Before signing, you read how the hotel and the residences share the building and its costs, the brand's licence and the owner benefits program. At closing, the statement can carry brand or benefits lines alongside the usual costs. Read those papers before the first deposit, because they are hardest to change after it.
In new construction, the first step is usually a reservation with a deposit, followed by the developer's purchase agreement. Ask whether the reservation deposit is refundable and when it becomes part of the contract deposit. Our page on when a pre-construction reservation becomes binding sets out the difference.
The purchase agreement comes with the developer's offering documents. For a hotel residence, the set should include the documents that tie the condominium to the hotel. At Fouquet's Hotel & Residences Miami, the offering is filed with the state under file CP26-0012, and Fouquet's operates the hotel in the same 25 storey tower, with owner access to hotel services. At Delano Residences, the hotel sits below about 421 residences. At Waldorf Astoria Residences Miami, Hilton manages the property, and the tower holds hotel guestrooms and suites as well as about 360 residences.
Four, in most hotel towers. Ask for each by name.
The shared facilities document. It might be a master declaration or a covenant recorded against the whole building. It says which spaces the hotel and the residences share, who maintains them, and how costs are split.
The brand licence summary. It says what the name gives the building, what standards come with it, and what happens if the licence ends.
The owner benefits terms. At Delano, owners get Beach Club access at Delano Miami Beach, the Members' Club and the Accor Ownership Benefits Program with ALL Diamond status, subject to an annual benefits fee. Ask the fee in writing.
The furniture schedule, where homes come furnished. Waldorf lists furnished junior suites, and Delano furnished suites in select lines.
Our page on the ownership file for a Downtown Miami branded condo explains what to keep from each, and living above a hotel explains what the hotel changes day to day.
In stages, to the escrow agent named in the agreement. The Fouquet's offering materials stage deposits across contract, groundbreaking and top off, with the majority at closing, held in escrow under the Florida condominium statute. The schedule's percentages are held by the desk rather than published. The other two towers' schedules are in their purchase agreements.
The 15 day window to cancel runs from signing or from receiving the required documents, whichever is later. Use it to read the hotel papers with counsel. Our pages on the deposit schedule explained and where your deposit actually sits cover the escrow rules. See also the Fouquet's deposit schedule.
Closing comes at delivery, when the building has its certificate of occupancy and the developer can convey title. The title company prepares the closing statement. In a hotel residence, read it for lines a plain condo would not carry: a first payment toward the owner benefits program, any brand or shared facilities charge, and a contribution to the association's working capital. Ask the developer for a sample statement before signing, so none of them is new on closing day.
Ask too what the hotel's opening date is. A residence can deliver before the hotel opens, and the services you were sold may start later.
A financed buyer has one more step. Some lenders review a building with a hotel more closely, because shared ownership of the building and any rental program change how they judge the loan. Ask your lender, before you sign, whether it will lend in a hotel tower, and give it the shared facilities document early. Our page on cash or mortgage for Miami pre-construction sets out the choice.
The developer's deed conveys the home to you, and the title company records it with the Miami-Dade County clerk. The owner's title policy follows. If the shared facilities document is recorded, your title policy should list it; read the exceptions.
In the first month, enrol in the owner benefits program if there is one, register with the residence concierge, and bind your interior insurance before you move in. Keep the hotel papers in the same file as the condominium's. Our page on the first year of owning a Miami condo covers the calendar after keys.
If the home will be held in a trust, read how a trust buys from offer to recording. For the buildings themselves, see what the Fouquet's brand does, what the Delano brand does and the Delano dossier. For the judgment between them, read the best branded residences in Downtown Miami. The desk reads the hotel papers and the sample closing statement with you before the first deposit; our note on who to call when buying in Downtown Miami explains how.
Contact the desk at Miami Dossier for the current plans, pricing and availability as the developer releases them, discussed one to one.
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We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what applies to your situation, what does not, and where we would not proceed. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.
Metrik Real Estate is a Miami real estate company built around one idea: the buyer gets their own team. Miami Dossier is its private buyer advisory for new construction.
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