(Crystal Proenza is associate editor of Real Estate Florida.)

FORT LAUDERDALE, FL- Starwood Hotels & Resorts Inc. has announced that the Castillo Grand LLC-owned St. Regis Resort located at One North Fort Lauderdale Beach Blvd. will no longer be carrying the St. Regis name as of Aug. 10. Clearwater-based Castillo Grand says that the 192-room luxury beachfront hotel will be managed by Ritz-Carlton Hotel Co. LLC under a 30-year agreement. The property will be renamed the Ritz-Carlton, Fort Lauderdale.

“We have had some ongoing differences between Starwood and our company for about three years or four years,” Fred Bullard, Castillo Grand managing partner, tells GlobeSt.com. He cites frequent changes in Starwood management as part of those unresolved issues. The hotel’s 320 employees are expected to remain through the management change, which Bullard says will make operations smoother and more productive.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.