FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--CFLB Partnership, LLC announced the purchase has been finalized December 19 of the former Trump International Hotel and Tower Fort Lauderdale, a 24-story oceanfront property located at 551 N. Fort Lauderdale Beach Boulevard.
“We are excited to rebrand this property as the new Conrad Fort Lauderdale Beach Residences and officially begin sales for studio, one-, two-, three- or four-bedroom residences,” said Peggy Olin Fucci, president and CEO of One World Properties, which is handling sales and marketing of the property’s residences. “The property is undergoing more than $30 million in enhancements and luxury upgrades – and with listings at approximately 40 percent less than the original pre-2009 prices, condominium resort and hotel residences at the Conrad Fort Lauderdale Beach Residences offer outstanding value compared to beachfront condominiums for sale in Miami.”
CFLB Partnership, LLC purchased the 490,595 square-foot property from 551 North FLB Marketing, LLC for $115 million.
For additional information, please visit www.ConradFortLauderdaleBeachResidences.com or contact 954-749-7200.