FORT LAUDERDALE, FL-The Seminole Tribe of Florida Inc. and locally based Stiles Construction have formed a joint venture to tap into real estate construction project opportunities within the Native American tribal network and the federal government.
The joint venture partnership-Seminole Development and Construction LLC-will also look to work on projects under the auspices of the U.S. government. The first project under the joint venture is the 140,000-sf renovation of the Seminole Classic Casino in Hollywood, FL. The six-month long renovation was completed in January 2013 and included a complete transformation of the building’s exterior and interior, as well as upgrades to the parking lot and landscaping. Other Seminole projects in the pipeline include Brighton Public Safety Complex and a new Noodle Bar at the Hard Rock Seminole Casino.
“Our partnership with Stiles opens a world of opportunity for the Seminole Tribe of Florida, Inc. and for all Native American tribes,” said Tony Sanchez, president of the Seminole Tribe of Florida Inc. “Maintaining our unique Seminole culture while providing the highest level of service to our clients and partners is our first priority, and we believe that with Stiles’ family-owned structure, superior values and first-class reputation, this partnership will lead to new projects that will increase our market share, expand and diversify the Seminole Tribe business operations and create substantial value for our tribe as well as our fellow Native American tribes.”
Seminole Development and Construction will have an opportunity to pursue a variety of planned and new construction projects within the Seminole Tribe of Florida, Inc. real estate portfolio, company officials state. The combined entity will also market construction services to other Native American tribes and pursue federal 8(a) set-aside contracting work, including judicial, military and naval air station projects.
In 2004, the Seminole Tribe of Florida opened two Seminole Hard Rock Hotels and Casinos in Florida and in March 2007 acquired the Hard Rock franchise.