MIAMI—Last year, a Bloomberg article suggested that homebuyers avoiding chores is fueling a condo-hotel revival in the United States. Newgard Development Group and Merrimac Ventures are getting in on the revival.
Merrimac operates hotels, retail, office, and rental properties across the country, and has a special interest in Fort Lauderdale. GlobeSt.com caught up with Dev Motwani, president of the family business, to talk about how he partnered with Newgard to develop a condo-hotel project and why the focus on Broward.
GlobeSt.com: Tell us about the Gale Ft. Lauderdale. How did your partnership with Newgard Development Group come about and why did you decide to go condo-hotel with this project?
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
