St Regis

Yovani Garcia St Regis Specialist Related Cervera Realty Services 305-962-4069 Miami Real Estate Group  |  E-Mail Me

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) and The Related Group of Florida announce that they have signed a letter of intent to form a joint venture to develop a new build St Regis Resort & Residences in South Florida’s most exclusive enclave, Bal Harbour. The St Regis Resort & Residences, Bal Harbour, to be built on the existing site of the Sheraton Bal Harbour, will be located on the white, pristine sands of the Atlantic Ocean directly across the street from the legendary Bal Harbour Shops. The renowned Lucien Lagrange Architects has been selected for the project. The proposed transaction is subject to the negotiation and execution of definitive agreements and other approvals and customary closing conditions.

“Related’s innovative development expertise in project conceptualization, mixed-use development, and sales and marketing of upscale residential projects in the South Florida market is a perfect complement to Starwood’s ultra-luxury brand, loyal customer base and its existing untapped real estate holdings,” said Steven Heyer, CEO, Starwood Hotels & Resorts. “We expect that this relationship will allow us to maximize the unrealized potential of our land assets while enhancing the strength of Starwood’s presence in this affluent market.”

“We see a huge potential in developing the St. Regis Resort & Residences, Bal Harbour as a preeminent address for first-class luxury living in Miami,” said Jorge M. Perez, chairman, The Related Group of Florida. “The powerful combination of the St. Regis brand, the distinguished reputation of Lucien Lagrange Architects’, and Related’s integrated development approach will make the St. Regis Resort & Residences, Bal Harbour a spectacular new addition to the seaside Bal Harbour village.”

Only a select few of the world's luxury hotels merit the St. Regis name, offering unprecedented excellence in standards of hospitality and elegance. The St. Regis Resort & Residences, Bal Harbour will feature an array of sumptuous amenities, including the brand’s signature butler service, renowned concierge service, a world-class spa and a signature restaurant.
Bal Harbour Condos