Development Features:

Development Description:

The Setai is a beachfront luxury condominium (163 residences) and a 75-room, five-star condo hotel located in Miami Beach. It is scheduled to open in December 2004.

The Setai will contain 75 condo hotel units. Units will range in size from 847ft² to 1,405ft². Condominium residences can be placed in the hotel's rental program which will be managed by GHM (General Hotel Management, Ltd).

Area Information:

Here's your chance to own an exclusive oceanfront condohotel or luxury condominium residence on South Beach. From the world's #1 rated leisure hotel chain (GHM) comes their newest addition to their outstanding portfolio of 5 star properties. Global Hotel Management brings their excellence in luxury product and unparalleled service to one of the most exclusive holiday destinations in the world.

Prices for condohotel start at $675,000
Room rates for hotel will start at $900 nightly.     
Managed by GHM.
Conde Nast Traveler and Travel + Leisure magazines named one of GHM's hotels #1 leisure hotel in the world.
GHM named #1 leisure hotel chain in the world.
Rental income is split at about 70/30 in favor of the client.
Monthly homeowners  includes all utilities for $500 per month.
Owner must pay Management company $3,500 per month in management fees for the first year and $5,500 per month every year after that.

One of the tallest buildings in the South Beach skyline, The Setai welcomes you home to The Residences with a stunning and stylish two-story-lobby. On the fifteenth floor, the residences begin with a collection of spectactular two-story "townhouses in the sky," then continue with twenty-two floors of luxurious condominiums, and reach the pinnacle with three final stories of magnificent penthouses which feature private infinity edge swimming pools on their own private terraces. And every lavishly appointed residence at The Setai will offer sweeping panoramas of the ocean, beach and Miami skyline.

Set amid tropical gardens and sparkling pools at the edge of the Atlantic Ocean, the condo hotel will feature a world-class restaurant; a crustacean, caviar and champagne bar; a 90-foot-long pool bar and grill; a magnificent two-story lobby with stone clad columns, teak screens and a stunning collection of unique and original art from around the world. The Spa at the Setai will offer unique and exotic spa treatments that bring spirit and traditions of the Pacific Rim to South Beach.

With panoramic views of the ocean, South Beach and the Miami skyline from floor to ceiling windows, and all of the finest amenities. The Setai offers one, two, three, and four bedroom residences, two-story townhomes, and penthouses.

The hotel is an eight story, 80 room, five star resort in a beautifully replicated art deco building. The Setai Hotel, managed by world-renowned GHM Hotels, will feature 24-hour room service, three restaurants, pools, spa, and state-of-the-art fitness center. Each room will have high-speed internet access among other top-of-the-line amenities.

On one level, it is a condominium, a hotel, a resort. But on a deeper, more meaningful level, it is something altogether different. A place so calming and serene that it changes you forever. . . whether you stay for a night . . . or a lifetime.

The Setai reflects a passion to provide an experience that few can even imagine. Starting with this beautiful SouthBeach setting, The Setai creates an intimate private world. A world that connects residents and guests with what has always been best about SouthBeach: the sea, the beach and the surf.

Location:

Located on Collins Avenue and 20th Street, the oceanfront resort is well situated to take advantage of the best of South Beach. The property is steps from the nightlife South Beach is famous for, a short walk to the pedestrian mall of Lincoln Road, and borders the cultural district featuring the Bass Museum, Miami City Ballet and Library as well as the future site of Collins Avenue Park.