SBE Brings Katsuya to Coral Gables' THesis Hotel and Takes Over Its Dining and Events

• SBE now runs all food, beverage, and events at the 245-room THesis Hotel Miami.
• Katsuya and a new Fabio Trabocchi restaurant open in the first half of 2027.
• The two concepts replace Mamey and The Collab. Ivy Rooftop stays.
• Owner Nolan Reynolds International built the hotel into its $225M Paseo de la Riviera project.

SBE Takes the Keys to Every Restaurant, Bar and Ballroom at THesis

Sam Nazarian is bringing Katsuya home. SBE, the hospitality company Nazarian founded and runs as CEO, has taken over food, beverage and event operations at THesis Hotel Miami, the 245-room hotel at 1350 South Dixie Highway in Coral Gables, directly across from the University of Miami.

"Coral Gables is home. My family and I live here, we eat here and we celebrate here."

Nazarian's line is the whole pitch. The agreement hands SBE the hotel's three existing venues (tropical Latin restaurant Mamey, Mediterranean-Asian concept The Collab and Ivy Rooftop, the open-air pool bar and lounge) plus all meetings and private events.

Katsuya and Trabocchi Replace Mamey and The Collab in 2027

The first new restaurant is Katsuya, SBE's Japanese brand known for sushi, robata and cocktails. The second is a new Mediterranean restaurant from chef Fabio Trabocchi, with its own name, menu and design to be announced closer to opening. Both are targeted for the first half of 2027 and will take over the Mamey and The Collab spaces. Ivy Rooftop stays as the hotel's social anchor.

Trabocchi is a known quantity in the Gables. He opened Fiola there in 2018 and ran it through 2025, so the new restaurant puts him back in the same market within about two years.

The Hotel Anchors NRI's $225 Million Paseo de la Riviera

THesis is the hospitality piece of Paseo de la Riviera, the mixed-use project Nolan Reynolds International (formerly NP International) built on the former Holiday Inn site. NRI paid $44 million for the land in 2016 and completed the roughly $225 million development in 2020, pairing the hotel with the 204-unit Residences at THesis and ground-floor retail. Traded previously covered NRI's $177 million refinance of the property.

"We built THesis to be more than a hotel. We wanted it to be a gathering place for Coral Gables."

That's NRI CEO Brent Reynolds on the strategy. Bringing in SBE gives the owner an operator with a portfolio of dining brands and a built-in events business, rather than running the restaurants in-house.

Events Are the Second Revenue Line

SBE will also run the hotel's 6,500 square feet of event space, with a focus on weddings, corporate meetings, brand launches, private dinners and University of Miami functions. With the campus directly across South Dixie Highway, university events give the hotel a built-in source of bookings.

What's Next

The current venues keep operating under SBE until the conversions begin. Trabocchi's restaurant name and design are the next announcement to watch, with both openings slated for the first half of 2027.