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2/28/2006

Seville Hotel Conversion Plan

Recently announced plans reveal the conversion of the Seville Hotel into a new Ritz-Carlton Club and Residences. The new Miami Condo development will be made up of three oceanfront residential towers featuring 44 fractional ownership Club residences, as well as 94 whole ownership Residences. Prices and residence real estate reservations are scheduled for release early this year followed by fractional ownership reservations by mid 2006. The Miami Beach Condo location is through a joint partnership with a real estate developer, brokerage Fortune International and Miami based developer Lionstone Development.

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