Officially announced on February 25, 2005 Trump will build a new condo hotel on the Ocean in Fort Lauderdale.

Units are now available as of February 26, 2005.

To purchase one of these units you will need a 5% deposit with the initial reservation and another 5% due up acceptance of your unit. This project is a great invest opportunity because units will generate income on a daily basis from the hotel rental program.

The Rental Program will give 80% of the gross rents for the owner and 20% for the hotel management company.

Other Trump Projects like the Sonesta in Sunny Isles enjoyed occupancy rates of more that 75% in the First year alone. DO NOT wait as units will sell very fast. 

According to a Miami Herald article February 25, 2005, "The hotel's 298 condo-hotel units will sell for about $1,000 a square foot -- sky-high for Fort Lauderdale and about $300 more than what units went for next door at Fort Lauderdale's new luxury condo-hotel, the Atlantic." $1,000 a square foot is about the same price as the W project nearby.

More details have emerged on real estate mogul Donald J. Trump's proposed condo-hotel on the Fort Lauderdale beachfront. The five-star, 298-unit Trump International Hotel & Tower was approved by the city a couple of weeks ago.

It will be Trump's first Broward County project, after establishing himself as a multi-family developer in South Florida with two oceanfront projects in Sunny Isles Beach.

Trump is developing the project in partnership with New York-based developer Roy Stillman and Bayrock Group LLC, a resort and hotel development company.

The project will rise on two acres at 551 N. Fort Lauderdale Beach Blvd., just north of Las Olas Boulevard. Construction is scheduled to begin in April, with completion slated for 2007.

Trump International will take the place of a 1950s-era motel. "We have a highly original building that is intended to be an icon for Fort Lauderdale," said Roy Stillman, managing member of Stillman Bayrock Merrimac LLC, the developer. "It's going to set the bar in terms of cultural awareness and identity, with important architectural design that's been lacking on the beach."

The 24-story tower, designed by renowned architect Michael Graves and Associates in collaboration with Oscar Garcia Architects, will have the feel of a 1925 luxury cruise ship, with elegant woods and upholstered surfaces.

The studios, one- and two-bedroom units will range from 530 to 4,000 square feet, with the bulk of the units being about 600 square feet, Stillman said. Prices will range from the $500,000s to more than $3 million. The units will be furnished and will include flat-screen TVs with DVD and CD players, state-of-the-art kitchens with upscale appliances, imported Italian marble flooring in the kitchens and baths and luxurious bathrooms.

"The name of the game here is five-star service," Stillman said.

Owners and hotel guests will have access to the hotel's five-star amenities, including white-glove concierge service, valet, security, housekeeping and room service. There will be a 5,000-square-foot health club and spa, a fitness center with personal trainers, a world-class restaurant and a pool deck overlooking the ocean.

Owners of the condo-hotel units have the option of allowing a hotel management company to maintain and rent their units when not occupied. Donald Trump's condo-hotel in New York, the Trump International Hotel & Tower on Central Park West, was rated the No. 1 hotel in the United States by Conde Nast Traveler.

Stillman said sales to "friends and family" have begun and that 40 units have been reserved since sales opened about two weeks ago. He expects to officially launch sales within a few weeks.

One real estate insider expects Trump International to do well. "New hotel-condos are not just going to be a short-term rage, but the new norm for many investors looking for luxury living," said Carl S. Marzola, president of Atlantic Properties International Inc. in Fort Lauderdale. "There's strong competition to attract the luxury buyer for these new developments, but Trump has been well recognized and people buy in part just because of the Trump name."

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