This phase of the market is especially conducive to the condo/hotel arrangement, particularly in South Florida as land becomes scarcer and it makes more financial sense to revamp an existing hotel property and convert it into a condo-hotel. While this is not a new idea, it has certainly becoming more ubiquitous, as there isn’t a […]
Pelican Grand Beach – Fort Lauderdale, FL
The Pelican Grand Beach was acquired in partnership with with Urbana Realty of Atlanta who brought in Boutique Hospitality Management. Once a Best Western, the hotel was repositioned as a four star upscale beach resort but was unable to increase revenues and NOI as anticipated. After the takeover the results were almost immediate. Banquets Increasing […]