FOUR SEASONS HOTEL TO DEBUT IN FORT LAUDERDALE IN 2016
If you have been catching up with us on social media you will see some familiar themes here, 2 in particular. First is that there is so much development going on at Fort Lauderdale beach that soon it will be hard to tell Miami from Fort Lauderdale from the air. The second is that the record tourism has created a feeding frenzy of acquisition and development of hotels. The announcement of the Four Seasons building a 23 story luxury hotel here is big news. It is the first luxury hotel to be built in 8 years and will be the nicest one of all. It will feature 150 hotel rooms and 95 residences, similar to what they did at The Ritz-Carlton Fort Lauderdale in 2007 back when it was called St. Regis Resort & Residences Fort Lauderdale. The residences will range from 800 to 6,000 square feet in one to three bedroom apartments. Prices have not been released. There will be separate entrances and pools for the hotel and residences. The project is being developed by Merrimac Partners and Fort Partners. How hot is the hotel market? Hotel occupancy has grown for 60 consecutive months in Broward. Over 12 hotel sales were recorded in 2014. As always thanks for reading and have a great day.
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