The Ritz-Carlton Key Biscayne, Miami, announced a significant renovation project and will temporarily close in May 2025, resulting in 425 employees being laid off. The closure is anticipated to last at least six months, according to a required notification letter sent to officials under the federal WARN Act. The $100 million renovation, led by Gencom, aims to upgrade the luxury resort, which has 291 rooms and several amenities. The hotel will be closed entirely during this period, impacting its workforce significantly.
"The temporary layoffs are expected to begin between May 1, 2025, and May 14, 2025, most likely at the close of business on May 1, 2025," Sandra Lopez, market director of human resources for Ritz-Carlton Key Biscayne, wrote in the Feb. 24 letter to local and state officials.
"The renovation project is expected to take at least six months but may last longer," the letter said. "The hotel will be closed during the renovation," the reason for the job cuts, Lopez explained.
Gencom, a Coconut Grove-based U.S. investment firm and the resort's original developer in 2000, is leading the $100 million upgrade.
The Key Biscayne luxury hotel, at 455 Grand Bay Drive on the five-mile barrier island off Miami, has long been popular with tourists and locals.
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