With an expiration date looming, the Miami Beach City Commission approved an amendment that extends the development deadline in a settlement agreement the city negotiated in February last year with RPH Hotel Associates.
The extension grants the Wilmington, DE-based development group the time it needs to resolve third-party challenges to the settlement agreement. RPH is managed and controlled by an affiliate of Maryland-based Starwood Hotels & Resorts.
Eventually, the development group envisions the construction of a five-star-quality hotel operating in the city's exclusive South Beach community under Starwood's "W" brand.
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