Industry News

Trump International Hotel & Tower, Ft. Lauderdale,

Last 30 Units Placed on Market

(FORT LAUDERDALE, FL), May 10, 2006 - Developers for the Trump International Hotel & Tower, Fort Lauderdale, a five-star condo hotel that was thought to be sold out during the pre-construction phase, have just announced the release of 30 additional units. Held back pending a design decision, these will be the final condo hotel units made available in the to-be-built development.

The announcement regarding these 30 units was made by Donald Trump himself at a recent event celebrating the success of the project. The Trump International Hotel & Tower was originally released for pre-construction sales back in February 2005.

Designed by world-renowned architect Michael Graves, the $200 million, 24-story, condo hotel will encompass two buildings on a two-acre, complete city block. It will have approximately 200 feet of direct ocean frontage and a building plan that maximizes the Atlantic Ocean and Intracoastal Waterway views from almost every room.

"The real estate market in Fort Lauderdale remains as strong as ever, and the introduction of Trump International Hotel & Tower will raise the bar even higher. The property will become a new landmark for the 21st Century," stated Donald J. Trump.

"When completed in early 2008, Trump International will be a model for other mixed-use projects for decades to come," added Roy Stillman, developer.

The Trump International Hotel & Tower will feature 298 condo hotel units of which only 30 now remain available. In total the development will consist of 150 studios, 75 one-bedrooms and 73 two-bedrooms, each with its own large terrace.

As condo hotel units, the individual owners will be able to use their vacation home when they want and place it in the hotel's rental program when they're not in residence. The owner shares in the revenue generated by their unit. All maintenance, rental and operational issues are handled by the hotel's management, ensuring true hassle-free ownership.

The front of the Trump International building has been designed with gently sloping curves that give the building's front a very unique, rounded appearance. The buildings will be painted yellow and blue to capture the essence of Ft. Lauderdale, the sun and the ocean.

Michael Graves, architect for the project, says that yachting, one of Fort Lauderdale's principal leisure pastimes, was his design inspiration for Trump International. With its curvilinear lines and art-deco accents, the Hotel & Tower will emulate the elegance and grace of the luxury ocean cruise liners of the 1920's, according to Graves.

Amenities will include a 1,600 sq. ft. mosaic grand pool and sun deck overlooking the ocean; a 3,000 sq. ft. health club & full-service spa; a 1,700 sq. ft. fitness center with state-of-the-art equipment and personal trainers; a world-class restaurant featuring spectacular ocean views, indoor and outdoor seating; large function space for weddings and catered events; and 24-hour white glove concierge, security, valet and room service.

The individual condo hotel units will feature designer furnishings, oversized windows offering expansive views of the Atlantic Ocean and the Intracoastal Waterway, Italian marble flooring, exquisitely planned kitchens with top of the line appliances, owner's private storage, flat screen TV's, wireless internet and high-tech security.

When completed, Trump International Hotel and Tower Fort Lauderdale will join signature projects in Chicago and Las Vegas as the only three Trump properties modeled after the Trump International Hotel & Tower in New York, which was rated the number one hotel in the United States by Condé Nast Traveler.

"Everything about this condo hotel will be first class," said Joel Greene, president of Condo Hotel Center, a Miami real estate firm that specializes in condo hotels. "While Fort Lauderdale has already become an upscale vacation destination appealing to both U.S. and international visitors, this property will further enhance the city's prestige and is destined to become its crown jewel."

Construction just recently began at the Trump Ft. Lauderdale site. Fully-furnished deluxe studios, one- and two-bedroom suites are among the 30 units available in this final offering. They range from $700,000 to over $3,000,000.

For more information on purchasing a condo hotel unit at the Trump International Hotel & Tower, Fort Lauderdale, contact Joel Greene of Condo Hotel Center at Joel@CondoHotelCenter.com or call 305-944-3090.