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Langford Hotel Restorer Striking in Fort Lauderdale

MIAMI—“Stambul is expanding and targeting areas with tremendous potential for redevelopment.”

By Jennifer LeClaire | jenniferleclaire | Updated on May 23, 2017

“This discussion and the awareness of risks associated with oversupply are healthy and necessary.”

MIAMI—Another developer has set its sights on Fort Lauderdale’s growing real estate market. The developer who brought the historic Langford Hotel to Downtown Miami just inked a high-profile acquisition that’s turning heads.

Miami-based Stambul acquired a Clarion Inn near Galleria Mall with plans to transform it into a boutique hotel targeting Millennials and young professionals looking for a social experience, similar to the style of the Langford Hotel. The sale price: $13.75 million.

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