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$155M Project To Bring Condos to Landmark

MIAMI-Under a multimillion refurbishment project, a portion of Royal Palm Resort will be turned into hotel-condominium suites and poolside bungalows. Under the project, the property will also feature the first Maxim Lounge, a creation of nightlife entrepreneur Randy Gerber and Maxim Magazine.

By Natalie Keith | Updated on May 08, 2006

MIAMI-The landmark hotel Royal Palm Resort will be transformed into a condo-hotel project under a $155-million refurbishment project by a partnership between developers the Falor Cos., of Miami and Chicago, and the Mitchell Cos of Miami.

The project will feature the first Maxim Lounge, an 8,000-sf lounge that will feature an outside pool area, terrace and upstairs VIP pool. The lounge is the creation of a partnership of nightlife entrepreneur Rande Gerber, founder of New York-based After Midnight Co., and Maxim Magazine. Gerber and production designer Charles Infante will complete the lounge. Both the hotel and lounge will open in November.

Robert Falor, president of the Falor Cos., tells GlobeSt.com that the property was selected because of its prime South Beach location, which is directly on the water. “Between the location and the fact that Maxim will be located there makes this a great project.”

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