Development Pipeline Scheduled for Fall 2020

Moxy South Beach

Lightstone Celebrates Topping Out of Moxy South Beach

National real estate investor and developer Lightstone announced today the topping out of construction at Moxy South Beach, which is scheduled to open in Fall 2020. The 202-key, eight-story hotel, located at 915 Washington Ave. marks Lightstone's fourth Moxy Hotel development in partnership with Marriott and the company's first Moxy property outside of New York.

With exterior architecture and interior design by Rockwell Group, Moxy South Beach will span 78,000 gross square feet. Miami-based Kobi Karp is the Architect of Record. Its lobby will feature an outdoor courtyard that threads together a series of spaces, including a restaurant; all-day bar; Cuban-themed bodega offering stylish beach accessories; and a co-working lounge which transitions into meeting studios. The second floor will feature a 72-foot pool, fitness center, and indoor/outdoor bar and café. The rooftop offers breathtaking views of Miami Beach, a large shallow pool to cool off in, and a screening area. Moxy South Beach will offer multiple vibes, all under one roof. Local DJs and live music will activate the lobby bar and pool area. Additionally, fitness partners will host morning rooftop workouts for the complimentary #SweatAtMoxy wellness series.

Moxy South Beach adds to Lightstone's growing hotel development portfolio, which includes over 1,500 Moxy hotel rooms in New York City, including the 612-room property in Times Square that opened in the Fall of 2017, a 349-room Moxy Hotel in Chelsea, and the upcoming Moxy East Village, a 286-key hotel opening in September 2019. The company is developing a total of seven Moxy properties in New York, Miami, and Downtown Los Angeles.

G.T. McDonald Enterprises is serving as construction manager on the project, and the hotel will be operated by Urgo Hotels & Resorts.

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Moxy offers a playful hotel experience for the young at heart. With more than 70 properties open across North America, Europe, and Asia Pacific, Moxy boldly breaks the rules of a conventional hotel stay across the globe. The nontraditional experience starts with check-in at Bar Moxy and comes to life throughout its social public spaces, like the Lounge and Library, and the small but smart bedrooms.

Marriott International, Inc., (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,200 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program.

Lightstone, founded by David Lichtenstein, is one of the most highly-regarded and diversified private real estate companies in the United States. Operating in all sectors of the real estate market, Lightstone's $2 billion portfolio (in 26 states) currently includes over 6 million square feet of office, retail and industrial commercial properties, 15,000 residential units and 3,800 hotel keys. It also owns over 12,000 land lots across the country.