W's parent company, publicly traded Starwood Hotels & Resorts Worldwide Inc., will manage the 346-room hotel and the 171 luxury residences for Capri Resorts LLC. Capri Resorts is an affiliate of CL Financial Ltd., a multibillion-dollar entity based in the Caribbean.
Colonial Development Group LLC, also an affiliate of CL Financial Ltd., will be the project's developer. Colonial Development Group LLC's principals are Lawrence A. Duprey, Joseph R. Cook, Daniel E. Adache and Jerrold R. Krystoff.
The project, designed by noted local architectural firm Adache Group Architects, will be developed on 4 1/2 acres on Fort Lauderdale Beach. W Fort Lauderdale Hotel and Residences is scheduled to open in December 2006.
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