Abstract: The multiphase flow characteristic is one of the most concerning problems during solid fluidization exploitation of marine natural gas hydrate reservoirs. In this research, a new transient gas–liquid–solid multiphase flow model with hydrate phase transition was developed. Meanwhile, this model considered the coupling relationship among convective heat transfer, hydrate dynamic decomposition, and multiphase flow. The model can simulate the change of flow pattern from solid−liquid to gas–liquid–solid flow, and describe the distribution character of volume fraction of phase, wellbore temperature and pressure, and hydrate decomposition rate during transportation. The simulation results indicate that the hydrate decomposition region in the wellbore gradually expands, but the hydrate decomposition rate gradually decreases during the solid fluidization exploitation of hydrate. When mining time lasts for 4 h, and the bottom hole pressure decreases by about 0.4 MPa. Increasing NaCl concentration in seawater helps expand hydrate decomposition regions and improves the wellbore hydrate decomposition rate. When the NaCl mass fraction in seawater reaches 15%, it will raise the hydrate decomposition regions to the whole wellbore. In addition, the higher the wellhead backpressure, the lower the decomposition area and decomposition rate of hydrate in the wellbore. When wellhead backpressure reaches 2 MPa, the volume fraction of gas near the wellhead will reduce to about 12%. This work is expected to provide a theoretical basis for the development of marine hydrate reservoirs.