Keyah lands $38M to turn South Beach blocks into a hotel
The developer will merge the Haddon Hall hotel and the Campton Apartments — both 1940s Art Deco — into a 262-room Starwood Treehouse hotel.
Keyah Real Estate Group secured $38 million from Maxim Credit Group to reposition two historic South Beach properties into a single branded hotel. The financing raises an existing $15 million loan from 2024 by $23 million.
The plan combines the Haddon Hall Hotel at 1500 Collins Avenue with the Campton Apartments at 1509 and 1515 Washington Avenue — all dating to the 1940s Art Deco era — into a 262-room hotel under Starwood’s Treehouse brand. Miami Beach approved the project in 2025, with an opening targeted for 2029.
Why it matters. Adaptive reuse of protected Art Deco stock is one of the few ways to add hotel keys in Miami Beach’s built-out historic district. Pairing preservation with a lifestyle brand is a template other South Beach owners are watching.
The numbers. At 262 rooms, the combined property would rank among the larger recent hospitality conversions in the district. The step-up in financing signals lender confidence in the repositioning.
What’s next. Construction and historic-preservation review run ahead of the 2029 target. The deal adds to a pipeline of branded conversions reshaping the South Beach lodging market.
Sources
- Commercial ObserverKeyah lands $38M to reposition Miami Beach hotel into a Starwood brand