The Miami Grand Prix has announced an expansion of the Paddock Club hospitality with a new extension overlooking Turns 1, 2 and 3 at the Miami International Autodrome.

The major development was officially announced by Tom Garfinkel, managing partner of the Miami Grand Prix, during the final panel of the Autosport Business Exchange Miami today.

Stretching from the start/finish straight down to Turn 1, the new 115,000-square-foot extension will provide fans with tiered seating and views over Turns 1, 2 and 3. The three-storey building will be introduced in 2027.

"Happy to share with everybody today, we're excited that we're going to be investing in another big investment here at the Miami Grand Prix," Garfinkel said. "We're going to be adding a 115,000 square foot permanent extension to the Paddock Club building.

"Currently at Turn 1, the Casa Tua Trackside Club is a temporary building. We put it up and take it down every year. We're going to be making a major investment here to extend the Paddock Club building, which is currently about 6,000 Paddock Club tickets, to what will now be about 9,000 Paddock Club tickets.

"And that's just another example of an investment in the sport. We're only able to do this because we have the long-term commitment and a great partner in Formula 1 and in Stefano [Domenicali]. And so that's why we're able to do it, and we have an owner in Stephen Ross who sees it and says, 'Yeah, let's continue to invest and make this better and better every year.' So we're excited about the new building, and it'll be ready for the grand prix next year."

General view of the Hard Rock Stadium

Photo by: Steven Tee / LAT Images via Getty Images

Once the extension is completed, the Miami International Autodrome's total Paddock Club footprint will increase to an impressive 305,000 square feet, including a rooftop terrace. This means that over 9,200 guests will be accommodated in the hospitality area, making it one of the biggest Paddock Clubs on the F1 calendar.

The upgrades will also include the Precision Drive Club, which is a bespoke, permanent space for the exclusive members' organisation. The Precision Drive Club will include facilities such as a workshop with access to the pitlane, coaching and simulator labs, race control, a private members' lounge and meeting rooms.

The Paddock Club extension will sit among multiple different viewing options for fans, including the Heineken Silver Veranda, the Hard Rock Beach Club, the new MSC Yacht Club, the Podium Club and Vista at Turn 1.

The Miami Grand Prix signed a contract extension with F1 to remain on the calendar until 2041.

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Miami GP - Thursday, in photos

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Miami GP - Thursday, in photos

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Miami GP - Thursday, in photos

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Miami GP - Thursday, in photos

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Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

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Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos

Miami GP - Thursday, in photos