LXR Luxury Resorts Invests $50 Million in Fort Lauderdale Grande Hotel & Yacht Club

Mar 21, 2006, 00:00 ET from LXR Luxury Resorts

    FORT LAUDERDALE, Fla., March 21 /PRNewswire/ -- After finalizing its
 acquisition of the Fort Lauderdale Marina Marriott, LXR Luxury Resorts today
 announced a $50 million capital investment program to enhance the ideally
 located waterfront property as the new Fort Lauderdale Grande Hotel & Yacht
     "We intend to create one of the country's leading marina resorts - one
 that embodies the unique Fort Lauderdale style and sets a new standard for
 contemporary luxury," said John Tolbert, LXR president of sales and marketing.
 "With a spectacular new interior by internationally renowned designer Robert
 Barry and an exciting new signature restaurant as elements of the hotel's
 revitalization plan, the Fort Lauderdale Grande Hotel & Yacht Club will become
 one of South Florida's pre-eminent destinations for group and leisure travel."
     Situated on Florida's majestic Intracoastal Waterway, the Fort Lauderdale
 Grande Hotel & Yacht Club offers 579 guest rooms, 33 slips for boating vessels
 up to 300 feet, and 20,000 square feet of meeting space. It is the 24th
 property in LXR's fast-growing collection of luxury resorts and hotels.
     "We are excited to have the opportunity to bring the Fort Lauderdale
 Grande Hotel & Yacht Club to its full potential and we intend to expedite
 enhancements, starting with repairs needed from last year's hurricane damage,"
 said John Carns, hotel manager. Carns is one of Florida's leading hotel
 executives with more than 20 years of experience in the hotel industry. Most
 recently, he was interim general manager at Cheeca Lodge & Spa in Islamorada,
 and director of operations at The Ritz Carlton Resort in Naples.
     "The concept of luxury today begins with the finest quality and most
 exquisite surroundings, and encompasses the true pleasures of personalized yet
 unobtrusive service, absolute comfort and unforgettable moments," added
 Tolbert. "Each property in our LXR Luxury Resorts collection has a talented
 and experienced management team, supported by the creative and culinary
 talents to reinvigorate, re-imagine, and reposition each property, evoking its
 own unique personality and locale."
     With the addition of the Fort Lauderdale Grande Hotel & Yacht Club, LXR
 Luxury Resorts represents one of the largest collections of hotels and resorts
 in Florida. The collection's 15 Florida properties now include the Boca Raton
 Resort & Club in Boca Raton; Naples Grande Resort & Club (formerly The
 Registry) and Edgewater Beach Hotel & Club, both in Naples; Bahia Mar Beach
 Resort & Yachting Center and Hyatt Regency Pier Sixty-Six Resort & Spa, both
 in Fort Lauderdale; Buena Vista Palace in Orlando; the Sundial Beach Resort,
 Best Western Sanibel Island Beach Resort, Sanibel Inn, Seaside Inn and Song of
 the Sea, all on Sanibel Island; the South Seas Island Resort on Captiva
 Island; the Miami Beach Resort on Miami's South Beach; and The Reach Resort
 and Casa Marina Resort, both in Key West.
     The three Fort Lauderdale properties offer leisure and business travelers
 an impressive 1,238 guestrooms and 410 marina slips on the Intracoastal
     Tolbert said LXR's aggressive capital investments are designed to realize
 the true potential of each property and convey its innate personality,
 including a strong sense of place. The investments include an across-the-board
 upgrade in services and amenities, and, in many cases, a return to the
 particular property's original "DNA," albeit reinterpreted for the 21st
 century traveler. "We aim to respect the integrity and unique offerings that
 each of these trophy assets has to offer," he added, "and will strive to
 heighten the distinct personality of each while offering our guests an
 unfailing commitment to excellence and a consistent, highly personalized
 standard of service throughout each property."
     About Fort Lauderdale Grande Hotel & Yacht Club
     Renew body and spirit at the Fort Lauderdale Grande Hotel & Yacht Club,
 formerly the Fort Lauderdale Marina Marriott, poised at the edge of Florida's
 majestic Intracoastal Waterway. Melding contemporary luxury with easygoing
 style, the timeless waterfront hotel offers refined elegance, attentive staff
 and a soothing, unhurried atmosphere in one of America's most colorful
 locales. Featuring 579 guestrooms and designer suites, the hotel is home to a
 33-slip marina, 20,000 square feet of meeting and event space, as well as a
 variety of dining, recreational and entertainment options. Set within South
 Florida's tropical backdrop, amenities include an outdoor heated swimming pool
 with adjacent whirlpool and Jacuzzi, state-of-the-art fitness facility, water
 activities such as scuba diving, deep sea fishing and boat rentals, and access
 to some of the best golf in South Florida with nearby championship golf
 courses. In addition, the city's celebrated water taxi service is available to
 transport guests to the exciting Las Olas Boulevard for boutique shopping and
 cultural entertainment. The Fort Lauderdale Grande is convenient to the
 downtown business district, convention center and just minutes from Fort
 Lauderdale/Hollywood International Airport.
     About LXR Luxury Resorts
     LXR Luxury Resorts, a portfolio of independent properties distinguished by
 a style and spirit that captures the unique qualities of their setting, are
 located throughout the United States and the Caribbean. The LXR collection
 also includes the renowned Golden Door Spa brand.

SOURCE LXR Luxury Resorts