93 Hotels in Miami-Dade's Pipeline: What It Means for Brickell

Miami-Dade has 93 hotels in its development pipeline, enough to add 19,306 rooms to a county supply of about 66,000, according to CoStar data reported by Miami Today in August 2026. That is almost 30 percent more rooms on paper. Far fewer are actually being built: 18 hotels with 3,286 rooms were under construction, and 21 more with 4,458 rooms were in final planning. The rest are earlier-stage proposals, and the pipeline has been shrinking slightly. A year earlier it held 99 projects and 20,412 rooms.

The Brickell hotel that became a condo

The list illustrates how fluid these counts are. One of its larger Brickell entries is a 43-story, 832-room project at 152 SW 9th Street. That site was first filed as a wellness hotel in 2024. In February 2026, North Development launched it as House of Wellness Brickell, a 34-story condominium with 656 units and prices from about $390,000, The Real Deal and Hoodline reported.

For Brickell, that means 656 more condo units in the pre-construction pipeline rather than 832 hotel keys. In September 2026, nine House of Wellness units were listed on the MLS at a median asking price of $639,900, or about $1,380 per square foot.

July's rate jump came with the World Cup

The same report shows the county's hotels earned more per room in July 2026. The average daily rate rose to $207.99 from $169.73 a year earlier, and revenue per available room rose to $138.02 from $117.33. Occupancy actually slipped, to 66.4 percent from 69.1 percent. CoStar's own weekly releases tied Miami's July rate gains to the FIFA World Cup match weeks, for example a 37.6 percent ADR increase in the week of July 5 to 11. It was an event month, not a new baseline.

What it means for Brickell condo owners

Short-term rental owners compete with hotels. In the few Brickell buildings whose rules allow nightly rentals, owners set prices against hotel rooms. New hotel rooms add competition, and a rate spike driven by a single tournament should not be built into a long-term rental budget.

The condo market is already loose. Over the last 12 months, 804 Brickell condos sold at a median of $608 per square foot. With 1,133 listings active on October 13, 2026, that is about 17 months of supply, and our Market Index for Brickell reads 22, a buyer's market. Conversions like House of Wellness add to the condo pipeline that resale sellers in towers such as Brickell Ten and Smart Brickell will compete with when it delivers.