The owner of the Courtyard Marriott Downtown, AVR Realty, is listing the hotel for sale through CBRE.
The recently renovated hotel has 233 rooms and rises to 13 stories. The hotel sits on 1.1 acres and zoning in the area allows up to 1,070 condo units.
The building is located next to the iconic Miami Tower and the Montage at Met 3, which is currently being constructed.
Bids will be submitted in October and an official sale is expected by November.