Project Partners - Hotel Operator Consultant

 

La Cité Development
The Partnership will bring in the expertise of leading developer - La Cité Development, who will also be investing equity into the Adriatic Project.

La Cité Development is a real estate firm focused on the development of residential and mixed-use properties in real estate markets ranging from affordable or work force housing to market rate and luxury developments.

La Cité Development develop and own assets operated by world class brand hotel operators, with whom they have a long standing and successful record of development and operation. La Cité Development has formed partnerships with Ritz -Carlton Hotel Company, LLC, St. Regis Hotels & Resorts, Starwood Hotels & Resorts Worldwide, Inc., and Jack Nicklaus Design.

Among the projects La Cité Development's previous projects include The Ritz-Carlton, South Beach, Ritz-Carlton Golf Club & Spa in Jupiter, Florida and the St. Regis Hotels and Resorts in Temenos Anguilla.

La Cité Development was founded by Dan Bythewood Jr., Dan Bythewood Sr., Khephra Burns and Susan Taylor. Prior to forming La Cité Development, the founders developed, managed and invested in over $600m worth of real estate throughout Manhattan, Brooklyn, Bronx, South Beach and Chicago with the valuation exceeding $1.5 billion. Their development activities were in both commercial and residential properties for companies such as the Ritz-Carlton, Flag Luxury Properties and the New York Equity Fund.

With more than 25 years of development experience, the partners of La Cité Development have leveraged their extensive network of strategic relationships to put together a team of seasoned development and construction professionals focused on developing and renovating properties in markets throughout the world. The company's expertise in real estate investment and syndication coupled with their extensive experience with public partnerships and master planning for large-scale projects, makes La Cité Development a formidable market player within the development industry.

For further information on La Cité Development see http://lacitedevelopment.com

La Cite Development Projects

Ritz-Carlton South Beach

Among the projects developed by Flag Luxury Properties is the Ritz-Carlton, South Beach

• The project involved the complete restoration of the original 1953 Morris Lapidus-designed hotel, the DiLido, in the city's historic Art Deco district

• The Ritz-Carlton, South Beach is a five star hotel property operated by the world renowned Ritz-Carlton Company

• The property features 376 luxury guest rooms, a 16,000 square-foot, four-star Ritz-Carlton Spa, two restaurants, an elevated outdoor pool and private daybeds overlooking the Atlantic Ocean, and elegant meeting and conference facilities totaling 20,000 square feet

• The oceanfront property is located on the corner of Lincoln and Collins in the heart of South Beach, steps from nightclubs, restaurants, and night life that have made South Beach famous

• Annual occupancy of the property exceeds 78%

 

St. Regis Hotels and Resorts, Temenos, Anguilla

• Flag Luxury Properties teamed with St. Regis Hotels and Resorts to develop Temenos, Anguilla, a branded residential and hotel resort located on the island of Anguilla in the Leeward Islands

• The luxury resort and residential complex includes 18 estate homes, 10 villas, a 116-room luxury hotel with 72 St. Regis oceanfront residences and an 8,000 square-foot spa

• Additional amenities include an 18-hole Greg Norman signature links golf course, a full-service clubhouse and 4,000 square feet of meeting space

 

Ritz-Carlton Golf Club & Spa in Jupiter, Florida

• A second partnership with the Ritz-Carlton Hotel Company produced the Ritz-Carlton Golf Club & Spa in Jupiter, Florida, the first Ritz-Carlton Club

• The exclusive 300-acre residential complex features 60 fractional ownership homes, 30 estate residences and 44 single family residences

• The development is a collaboration between Ritz-Carlton and Golden Bear, Inc., and includes an 18-hole Jack Nicklaus signature golf course and 68,000 square-foot clubhouse catered by the Ritz Carlton

• Hotel amenities offered by Ritz-Carlton include a 15,000 square-foot branded spa, two luxury restaurants, and a full service clubhouse concierge

• Residential sales at the community completely sold out with over $350 million in sales through three phases

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