251-room Nautilus South Beach, a SIXTY Hotel to Open in Q4 2014 in Florida Following Renovation

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. May 13, 2014

NEW YORK - May 13, 2014 - SIXTY Hotels today announced the latest addition to its collection, the Nautilus South Beach. Slated to open in the fourth quarter of this year, the Nautilus South Beach joins SIXTY Hotel's destinations in New York and Los Angeles, and will be the company's first Miami Beach location.

"Miami Beach, with its burgeoning art scene, vibrant new districts, and increasingly stellar food, is the perfect location for our next hotel... and one that has been on our radar for quite some time," says Jason Pomeranc, co-founder of SIXTY Hotels. "South Beach is a natural fit for our clientele, who appreciate a great night out just as much as the rich sense of architectural history the hotel and its surroundings offer."

Originally built as the Nautilus Hotel, the 251-room, oceanfront property is located in the heart of Miami's art deco district at 1825 Collins Avenue. Designed by famed architect Morris Lapidus in the 1950s, the Nautilus South Beach will be renovated with homage to its original spirit and updated with the inclusion of a new restaurant, lobby lounge, extensive events and meeting room space, a pool bar, and a state-of-the-art fitness center. Revealing an extensive evolution of what the property once was and stood for, the Nautilus South Beach will feature a comfortable design that emulates a luxury beach house with public spaces, rooms and suites that will have an international and residential feel.

"The Nautilus South Beach presents an exciting new milestone in the development of our company," said Stephen Brandman, co-founder of SIXTY Hotels. "Projects of this magnitude in South Beach are rare. We look forward to repositioning this significant hotel with our unique style and personalized service in this thriving and high-barrier-to-entry market."

The air of approachable elegance begins in the 251 guest rooms, including 29 premium suites and two stunning signature penthouses—with dazzling ocean views—and a private garden terrace, dining area and kitchen designed to elicit the comfort of one's own beach home, with the added glamour of a modern and sophisticated Miami Beach hotel. A soothing color palette welcomes guests to their boldly modern rooms where comfortable and luxurious design and cutting-edge technology combine to create the perfect stay. All rooms feature custom, 400 thread-count SFERRA linens, gourmet mini bars and amenities by REN.

The hotel's public spaces will embody the same cultivated luxury that guests have grown to expect from a luxury Miami Beach property. The ample lobby in which the reception and concierge desks will be located will be outfitted with plush communal seating areas, providing space for guests and locals to "plug and play". Upon entering, guests will be immediately met with an unpretentious beach vibe with nautical accents and tufted grey linen sofas that and metallic orange leather chairs at the concierge desk brighten the space with eye catching pops of color. Furthering the beach home feel that the property brings as its design inspiration is the use of materials throughout the lobby area such as grey concrete, glove leather, various stones and linen chairs and sofas, reminiscent of those found in global beachfront estates. Timeless and sophisticated, the Nautilus South Beach will combine subtle design with attentive service.

In collaboration with Jeffrey Chodorow's China Grill Management and internationally renowned chefs Claude Troisgros and his son Thomas, the hotel will also reintroduce the iconic Blue Door to the Miami dining scene. The Troisgros' will carry on their tradition of melding French technique with Brazilian ingredients. The newly re-imagined restaurant and bar will accommodate 210 seats including an alfresco dining patio that will allow guests to regain what was South Beach's most popular terrace for breakfast, lunch and dinner. The bar area at Blue Door will come alive at night, serving a selection of creative yet sophisticated tropically inspired cocktails. Nautilus South Beach will also feature over 16,500 square-feet of indoor and outdoor event space.

The Nautilus South Beach, a SIXTY Hotel, is being developed by InSite Group, a boutique real estate development and investment firm, which owns the hotel in a joint venture with Quadrum, a global private equity investment and advisory group focusing on real estate and asset-backed investment strategies. The project is designed by Florida-based designer, Caroline Giraud-Sukornyk of CG Design and architecture is by world renowned Arquitectonica.

About SIXTY Hotels

Ambitious in vision but down to earth when it comes to putting guests first, SIXTY Hotels is a collective of luxury inns based in New York City, Los Angeles and Miami, with new venues debuting in the coming year. SIXTY Hotels distinguishes itself from other boutique brands by providing highly personalized service and artful hotel experiences within sophisticated backdrops that seasoned travelers will find home: from its incomparable suites to its gastronomically refined restaurants and cocktail lounges. Riding their second wave of hospitality, the original founders of Thompson Hotels are creating a guest experience at SIXTY Hotels that will stay with visitors long after they've checked out.

SIXTY SoHo, SIXTY Collective's flagship property is the place for savvy locals and international travelers to liaison in style in Lower Manhattan's most fashionable district. A trailblazer in the boutique hotel world since its inception in 2001, the streamlined hotel is at once Bohemian-chic and luxuriously en point.

The International Style-designed SIXTY Beverly Hills is a serene-but-cinematic respite, fringing Rodeo Drive and featuring a rooftop pool-and-bar and artfully designed bedroom suites.

Its most pulsating location, SIXTY Lower East Side, located on Manhattan's Lower East Side-the epicenter of downtown chic-features rooms with fish-bowl Manhattan views, an extraordinary collection of art from New York's preeminent artists, a scene-and-be-seen swimming pool patio and the award-winning cuisine of Blue Ribbon.

In the heart of Gotham, Midtown Manhattan's modernist-style 6 Columbus is strategically situated on the cusp of Central Park, Broadway's Theater District, Museum Row and Uptown's Michelin-starred restaurants.

About InSite Group

InSite Group is a boutique real estate investment and development company based in South Florida. The firm specializes in the development and repositioning of opportunistic and value-added hospitality, residential, and mixed use properties in major markets throughout the U.S. Through its vertically-integrated development platform, InSite Group is able to maximize investment value at every stage in the project lifecycle from sourcing to operations and, finally, disposition.

About Quadrum

Quadrum is a global private equity investment and advisory group focusing on real estate and asset-backed investment strategies. Through its network of nine offices and affiliates worldwide, the firm is currently targeting distressed and repositioning opportunities in the developed markets of the US and UK as well as developments in select emerging markets across the former Soviet Union and Southeast Asia. The group currently has over US$400 million of equity capital invested in real estate projects with an overall value in excess of US$1bn.