Kolter Group announced that Hyatt Centric would be the hotel brand for 100 Las Olas, which is slated to become the tallest tower in Fort Lauderdale.
West Palm Beach-based Kolter said the Hyatt Centric will be created for millennial-minded travelers, featuring a lounge designed as a “launch pad” with information about food, nightlife and other activities in the city.
"The Hyatt Centric brand is a perfect fit for 100 Las Olas, particularly for those interested in exploring the multitude of activities and venues in downtown Fort Lauderdale,” said Scott Webb, president of Kolter Hospitality.
"The hotel design, location, services and amenities will cater to the urban traveler. The condominium residents will also enjoy the benefit and perks of having this incredible hotel that will offer a vibrant atmosphere with dining and creative event and meeting spaces just below them.”
The hotel will include a bar and restaurant, 6,000 square feet of meeting and banquet space, and a pool deck on the eighth floor.
Known as the heart and soul of downtown Fort Lauderdale, Las Olas will be the perfect location for the Hyatt Centric.
The price tag for construction of 100 Las Olas is estimated at $152 million. The developer acquired the 38,325-square-foot site in 2015 for $17.25 million.
The hotel, designed by SB Architects, is expected to open in early 2020.