FORT LAUDERDALE-The much-heralded but never opened Trump International hotel here that has been saddled with lawsuits and bankruptcy proceedings, is in contract with a partnership that intends to spend $100 million on the 24-story property.
The plan is to convert the property into a luxury hotel and condominium. The partnership plans to open the property as a Conrad Hotel, according to the Sun-Sentinel. "The Conrad is a Hilton-luxury brand," Heidi Davis Knapik, an attorney representing the partnership told a group of homeowners and businesses in the area. She said the Conrad has signed a management agreement to operate the hotel portion of the property.
The new proposal would create 181 hotel units and 109 residence-only units. See story in the Sun-Sentinel.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.