Wurzak Hotel Group breaks ground on Fort Lauderdale hotel: PHOTOS
Bank of the Ozarks provided a $56M construction loan for 24-story project
October 05, 2016 01:30PM
Wurzak Hotel Group broke ground on a dual-branded Fort Lauderdale hotel, set to open by the spring of 2018.
The hotel developer closed on a $56 million construction loan in August for the 24-story, 323-key Dalmar and Element by Westin Suites hotel. Tutor Perini Building Corporation already broke ground on the 18-month project, but celebrated with an official ceremony late in September.
The development, at 299 North Federal Highway, breaks down to a 209-room Tribute hotel, called The Dalmar, and the 114-room Element hotel. It will also feature 12,000 square feet of retail space and a 206-space parking deck. Wurzak said he’s in talks with a boutique fitness concept, juice/coffee concepts, and a restaurant that will open up to the corner of U.S. 1 and Southeast Third Street for the retail space.
Bank of the Ozarks is the construction lender. – Katherine Kallergis and Sean Stewart-Muniz
Source: The Real Deal