The Ocean Resort and Residences at the Conrad Fort Lauderdale Beach Hotel is a luxury condominium-hotel resort located on ocean-front property on Fort Lauderdale Beach Blvd. Originally designed by Michael Graves as Trump International Hotel & Tower Fort Lauderdale, the building defaulted on a $139 million loan. In November, 2010, Trump announced he was no longer affiliated with the project.
The unfinished condo-hotel was sold on March 14, 2012 in a foreclosure auction. The current owner of the property is ST Residential, a joint-venture between Starwood Capital, TPG Capital, WLR LeFrak and Perry Capital, according to the bulk deal marketing literature.
The building is currently planned to open in 2016 as Conrad Fort Lauderdale Beach. It is advertising 290 units consisting of 108 luxury condominium residences and 181 condominium hotel units, which will be managed by Conrad, Hilton Worldwide's luxury brand.
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History
The building is located where the 1950s Merrimac and Gold Coast hotels once stood.
Source of the article : Wikipedia
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