News: Brokerage

AWH Partners unveils opening of Boca Raton's Waterstone Resort

AWH Partners, LLC, a privately held real estate investment, development and management firm, in partnership with The Lane Organization revealed the recent recognition as a 2014 'Development of the Year' from DoubleTree by Hilton for the newly opened Waterstone Resort & Marina - A DoubleTree by Hilton. Formerly Boca Bridge Hotel, the 139-room Waterstone Resort & Marina has completed a renovation of more than $10 million. "We are thrilled to have finished this complicated redevelopment of a brand new resort with a new marina, two restaurants, meeting and event space,' said Russ Flicker, principal of AWH Partners. "The creative design and functionality of the resort, combined with location and amenities genuinely makes this resort an incredibly special addition to South Florida." AWH Partners purchased Boca Raton Bridge Hotel in 2012. Supporting the ownership group, Spire Hospitality, the management subsidiary of AWH Partners, is managing the resort and assisted with its renovation. With a strategy of repositioning the hotel in the market, AWH Partners saw the purchase and reinvention of Boca Bridge Hotel as an opportunity to leverage its expertise as a value-add investor. "We are humbled to be recognized as the 2014 Development of the Year from the DoubleTree brand. Out of all the new DoubleTree products worldwide, this designation is thanks to our vision and execution of creating something truly special and unexpected," said Chad Cooley, principal of AWH Partners. "This is a great honor that our entire team is very proud of." "With the first of its kind dock-to-dine waterfront dining service for boaters in Boca Raton, Waterstone offers two outstanding waterfront restaurants, Boca Landing and Waterstone Bar & Grill, both located on the resort's waterfront promenade overlooking Lake Boca and the entry to the Atlantic Ocean," said Jonathon Rosenfeld, principal of AWH Partners. Waterstone Resort & Marina presents a contemporary design concept that seamlessly marries water and stone artistic elements. Employing custom-made furnishings and glimmering artwork that work to blend opulent, Boca Raton style with breezy, sophisticated coastal design, Waterstone Resort & Marina takes advantage of a unique waterfront location while each guestroom has a private balcony with panoramic waterfront views. Marketing to both business and leisure transient guests, featuring a versatile floor plan that encourages social interaction both indoors and out, Waterstone Resort & Marina presents intimate meeting space and robust event space, including a top floor ballroom with floor-to-ceiling glass overlooking water on every side. Renovations to the resort include a 270-foot seawall and dock flanking the property's perimeters, allowing diners and hotel guests to arrive by boat.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,