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One of South Florida’s largest resorts just hit the market, asking as much as $1B - NBWW | Nichols Brosch Wurst Wolfe
Brookfield completed a $100M renovation of the Diplomat Beach Resort in 2017 Katherine Kallergis Brookfield Asset Management is looking to sell the Diplomat Beach Resort in Hollywood, the largest resort in Broward County and the second-largest in South Florida after the Fontainebleau Miami Beach. And the asking price is reportedly as much as $1 billion, or $1 million per key. Coral Gables architects Nichols Brosch Wurst Wolfe (NBWW) designed the Diplomat Beach Resort as well as the additional towers and renovation at the Fontainebleau Miami Beach. Brookfield subsidiary Thayer Lodging Group hired Newmark Knight Frank and Hodges Ward Elliott to market the 1,000-room resort, according to Bloomberg. Thayer paid $460 million for the property in 2014. Shortly after the sale, the former Westin hotel was rebranded to Curio, a Hilton Worldwide Holdings brand. In April 2017, Brookfield completed a $100 million renovation of the beachfront property, which has 96 suites, 515 king rooms, 484 double rooms, and more than 200,000 square feet of meeting and event space. The hotel sits between the Atlantic Ocean and Intracoastal Waterway, and features 10 restaurants, including Monkitail by Michael Schulson. Read the full story HERE >>> Source: The Real Deal https://therealdeal.com/miami/2019/01/09/one-of-south-floridas-largest-resorts-just-hit-the-market-asking-as-much-as-1b/