Wednesday, April 18, 2007

Fontainebleau Plans $2.8 Billion Condo Hotel & Casino on Las Vegas Strip

Fontainebleau said that it planned to open the 3,889-room Fontainebleau-Las Vegas by late 2009. The property will mix condo-hotel units, suites and hotel rooms with a 100,000-square-foot casino, nightclubs, spa and convention space.

The company, majority owned by Turnberry group principal Jeffrey Soffer, quietly broke ground on the 24.5-acre site north of the Riviera hotel-casino in February and has kept its plans secret until today.

"It'll be a contemporary design and it will blend what's current and what will endure in contemporary art, striking design, world-caliber architecture, new technology and hip music," Fontainebleau chief executive Glenn Schaeffer told The Associated Press. "It's not about the past, it's about the future."

The development will include about 1,000 condo-hotel units.  Schaeffer said the plans showed confidence in the condo-hotel business model, which allows customers to buy residences and then have management rent them as hotel rooms for a share of the revenues when they are unoccupied.

Fontainebleau also is undertaking a $500 million renovation and expansion of a Florida hotel to create the Fontainebleau Miami Beach. The revamp, which will double the number of rooms in operation to more than 1,500 and add a nightclub, lounge, "beachscape" and a new condo-hotel tower, is expected to be finished in mid-2008.

 





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Wednesday, April 04, 2007

Symposium on Financing, Developing & Operating Condo Hotels

Two-day Conference Offers Opportunities to Capitalize on the Rapidly Growing Trend of Condo Hotels

 

MIAMI, April 4, 2007 – Condo Hotel Center is pleased to announce the third annual Florida Symposium on Financing, Developing & Operating Condo Hotels (http://www.condohotelcenter.com/industry-news/in77.htm), taking place April 19-20, 2007, at the Hilton in the Disney World Resort in Orlando, Florida.  It is ideal for developers considering building a condo hotel or converting an existing hotel or resort into a condo hotel.

 

As the largest conference of its kind, the Condo Hotel Symposium brings together hundreds of luxury hospitality industry players, with over 100 speakers and 40 individual sessions, roundtables, and workshops.

 

Having established itself as the premier symposium for the condo hotel industry, this year's event will expand to feature the inaugural Destination Club & Private Residence Club Industry Symposium (http://www.condohotelcenter.com/industry-news/in107.htm) on April 18-19 at the same venue.

 

The 2007 conference will also feature an improved agenda that incorporates new topics designed to answer critical issues condo hotel owners and developers face. Popular sessions such as Condo Hotels 101, the First-Time Developer Plenary, the CEO/President Panel, and unique geographic roundtables will be brought back.

 

New sessions include:

 

  • Evaluating market entrance timing: Is it a good time to enter the condo hotel market?
  • Condo hotel conversions
  • Mixed use: The non-hotel component
  • Unbranded properties: Secrets for success
  • Caribbean & Latin American markets
  • Building the right team
  • Marketing strategies

The symposium features an exhibit hall to be sponsored by more than 35 companies.  To meet the needs of the condo hotel industry, sponsors of this event provide services such as owner and unit financing, design and architecture, hotel branding, legal, consulting, property management, marketing and more.

 

The condo hotel seminar will also offer networking opportunities featuring the nation's top industry experts as guest speakers addressing the hottest condo hotel topics including:

 

  • Buyer demographics
  • Attracting foreign buyers
  • Choosing a brand for your condo hotel
  • Water parks in condo hotels
  • Unit rental management
  • SEC regulations for condo hotels
  • Sales and marketing compliance
  • Spas and fitness centers
  • Bulk buyers
  • Boutique condo hotels
  • Conversion of existing hotels
  • Financing options
  • Amenity selection for condo hotels 

As with previous condo hotel seminars, Condo Hotel Center is offering a significant discount off the standard registration fee to its guests.

 

To learn more, or to register for this event, contact Susan Greene of Condo Hotel Center at 407-578-5528 or by email at Susan@CondoHotelCenter.com. Please be sure to include your full name, company name and phone number.

 

If your company could be interested in participating in the Condo Hotel Symposium as a corporate sponsor, advertiser or guest speaker, please be sure to mention that in your request, and the appropriate information will be sent to you.

 

Contact:

 

Susan Greene

Condo Hotel Center

407-578-5528

Susan@CondoHotelCenter.com





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