CURRENT BROKERAGE ASSIGNMENTS

Hilton Garden Inn, Ft. Myers, Florida
Offered for sale at $14,500,000 ($115,000/key), this is a recently completed 126 key commercial hotel located on the dynamic west coast of Florida, midway between Naples and Sarasota.


Regent Winter Park Hotel & Spa, Winter Park, Florida
$60,000,000 construction loan financing; $20,000,000 mezzanine loan financing for a proposed 195 unit ultra luxury Regent Hotel, under development as a condominium hotel. The project is proposed for the site of the former Langford Hotel, long one of Central Florida’s noted boutique hotels, and adjacent to prestigious Rollins College.


PAST BROKERAGE ASSIGNMENTS

Hilton Old Town Alexandria, Virginia
A $59,000,000 sale to a national hotel real estate investor, of a 241 room commercial hotel. Listed at a substantially lower price, the purchase price represented one of the highest priced hotel transactions in 2004 measured on a cost/key basis ($245,000/key).


The Residences, Winter Park, Florida
A $23,360,000 construction loan to fund development of this 23-unit ultra-luxury condominium located adjacent to the proposed Regent Hotel.


Valentines Resort Marina, Harbour Island, Bahamas
$8,000,000 acquisition and redevelopment capital for this full service 45 slip marina with upland property proposed for construction of 46 luxury condominium units. The project is located on Harbour Island, one of the most exclusive resort communities in the Bahamas.


The Atlantic, Ft. Lauderdale, Florida
$45,500,000 construction loan and $15,000,000 mezzanine loan for development of a 124 luxury condominium-hotel operated as a Starwood Luxury Collection hotel.

One of the most successful new developments in Ft. Lauderdale in the past fifteen years, unit closings commenced in May, 2004. Average sales price/unit benchmarks exceeded $750/sf.

IAG Florida identified the site for acquisition, secured entitlements and concluded the management agreement with Starwood Hotels. IAG Florida served as Development Manager and Financial Advisor to the owner.


Portside Yachting Center, Ft. Lauderdale, Florida
$8,000,000 leasehold acquisition/redevelopment loan arranged for 80,000 sq. ft. multi-tenant speciality office and retail complex situated adjacent to the Broward County Convention Center and adjoining the development site for the future convention center hotel.


Fortune House, Ft. Lauderdale, Florida
$17,500,000 sale of land and project plans for this 278-unit, 600,000 sq. ft luxury condo/hotel development project, representing a new price threshold for Broward County beachfront land. The property was sold by IAG Florida at it’s recommendation after having been retained by the owner as an advisor to evaluate development options for the site.


Renaissance Hotel, Fort Lauderdale, Florida
$40,000,000 in construction and equity financing. This 233 key hotel was developed by IAG Florida in partnership with a major financial institution. The property is situated across from the Broward County Convention Center. Opened in Spring, 2001, at the time of its opening the facility was the newest full-service hotel to open in Ft. Lauderdale since 1985.


Fontainebleau Hilton, Miami Beach, Florida
$105,000,000 first mortgage loan. IAG Florida was retained to formulate a comprehensive redevelopment plan for the 1,250 room hotel, including creation of a 500 unit condo hotel tower with related development approvals. Ongoing with these efforts, IAG Florida arranged the first mortgage loan to facilitate certain redevelopment activities associated with the plan.


Fisher Island Resort & Club, Miami, Florida
$65,000,000 all cash sale of condominium development rights and equity club assets and operating rights on behalf of a major financial institution. IAG Florida has an ongoing advisory relationship with the current owner.


Cadillac Hotel, Miami Beach, Florida
$10,000,000 sale of a vacant art deco beachfront hotel for conversion to a Marriott Courtyard hotel.


Ritz Carlton Grand Bahama
$95,000,000 first mortgage construction financing with a Dutch based lending institution. IAG Florida served as Advisor to the joint venture owner of this 400 acre oceanfront parcel situated on Grand Bahama Island, in the Commonwealth of the Bahamas and assisted in project planning and negotiation of the Ritz Carlton management agreement.

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