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Following intense lobbying by Coral Gables officials and city residents for The Biltmore’s acquisition, in 1973 the City of Coral Gables was granted ownership of the hotel through the Historic Monuments Act and Legacy of Parks program.
Finally in 1983, the City initiated a full restoration of the Biltmore to its former glory as a grand hotel.
Nearly four years and $55 million later, The Biltmore re-opened on December 31, 1987 as a four-star hotel and resort.
The hotel remained open for three years, but closed again in 1990 in the midst of the country’s economic downturn.
In June of 1992, a multi-national consortium led by Seaway Hotels Corporation, a Florida hotel management firm, became The Biltmore’s operators.
In addition, The Biltmore spent approximately $3 million to restore the historic 18-hole championship golf course in 2008.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Beverly Hills Hotel | - | $24.0M | 249 | - |
| Hotel del Coronado | 1888 | $11.2B | 50 | - |
| Lido Beach Resort | 1977 | $1.6M | 100 | 24 |
| The Ritz-Carlton Hotel | 1983 | $3.0B | 40,000 | 1 |
| Hyatt Regency Dallas | 1978 | $27.0M | 750 | 13 |
| Greater Miami and Miami Beach | 1983 | $50.0M | 68 | - |
| Fontainebleau Miami Beach | 1954 | $230.0M | 2,500 | 146 |
| Nemacolin | 1987 | $20.0M | 542 | 96 |
| Gaylord Hotels | 1977 | $21.0B | 930 | - |
| Grand Hotel | 1887 | $72.0M | 650 | - |
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Biltmore Hotel Miami Coral Gables may also be known as or be related to Biltmore Hotel, Biltmore Hotel Miami Coral Gables, The Biltmore Hotel and The Biltmore Hotel Limited Partnership.