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Crowne Plaza Hollywood Beach
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Built: 1972
Acquired: 2007
Renovated: 2006
Rooms: 311
Meeting Space: 10,000 SF
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Opportunity:
Superb location on the Intercoastal Waterway, with direct pathway access to the Hollywood beaches
High growth area in submarket of both Fort Lauderdale and Miami
Luxurious design with oversized guest rooms and upscale resort-style amenities
Acquired in off-market transaction at significant discount to market price
Joint Venture with The Carlyle Group with MDH holding a 25% ownership stake
Value Added by MDH:
Crowne Plaza franchise license agreement through 2017
Provided consultation to developer through design and renovation phase to meet all brand standards and provide a premier product, enhancing guest satisfaction
Awarded 2008 Developer of the Year and 2008 Renovation Award from Intercontinental Hotels Group