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Buyer sought for W Fort Lauderdale Hotel & Residences – Sun

The W Fort Lauderdale Hotel Residences is for sale, three years after the $430 million condominium-hotel was built.

Real estate firm CBRE has emailed brokers a flyer marketing the two-building property on Fort Lauderdale beach. It features 346 hotel rooms and 171 condo-hotels, only 23 of which have sold since the project opened in 2009.

The hotel and condos are being sold separately or as a package. The project is owned by a South Florida group headed by John Yanopoulos. He could not be reached for comment this week.

While the region’s condo market is recuperating, the condo-hotel sector has cooled after peaking toward the end of the housing boom in 2005, analysts say.

Last December, MMD Realty announced that it was selling the condo-hotels at the W Fort Lauderdale, with prices ranging from about $500,000 to more than $1 million. Former Miami Dolphins quarterback Dan Marino, an MMD investor, attended a launch party at the site.

But MMD founder Michelle Farber Ross said this week her firm no longer is selling at the W Fort Lauderdale.

The project probably wouldn’t be for sale in bulk if there was a better market for condo-hotels, said Peter Zalewski, a principal at CondoVultures, a consulting firm.

“This is the time to double down,” Zalewski said, noting the upcoming tourist season and the general optimism for real estate. “Condo-hotels are the exception to the overall improving South Florida condo market.” 

Fairmont inks marketing tie-up with Jet Airways

Fairmont Hotels Resorts recently joined hands with Jet Airways for a new marketing campaign. As part of the new partnership, guests and members of the hotel’s guest recognition program, Fairmont President’s Club, will have the option of earning airline miles in Jet Airways’ frequent flyer program, JetPrivilege.

“India is a dynamic, international market, and with our entry into Southeast Asia with the upcoming opening of Fairmont Jaipur, we see this as both a timely and strategic addition to our roster of airline partners”, said Serge Simard, Regional Vice President, Africa and India, Fairmont Hotels Resorts.

Commenting on the partnership, Sudheer Raghavan, Chief Commercial Officer, Jet Airways, said, “This partnership positions us among the leading airline frequent flyer programmes in India with the high value it offers members and the wide range of product choices. This alliance will allow JetPrivilege members to enjoy several unique benefits in select cities across the globe.”

To kick off the new partnership, Fairmont is extending a launch offer to its guests. From May 7 to August 6, 2012, guests on qualifying stays can earn triple miles based on 500 miles per night to a maximum of 2,000 miles per stay. Following the welcome offer, frequent guests of Fairmont will have the ability to earn 500 frequent flyer miles per qualifying stay.

With an eye on international growth, Fairmont is working on a number of developments, including in Asia and Southeast Asia, such as the soon-to-open Fairmont Jaipur, a 199-room city centre hotel, located in Rajasthan. Other hotel openings in Asia include Fairmont Makati, Manila, Philippines (2012), Fairmont Nanjing, China (2013), Fairmont Taiyuan, China (2014) and Fairmont Chengdu, China (2014).

Jet Airways is the latest addition to Fairmont’s collection of airline partners which include United Airlines, American Airlines, Air Canada, Lufthansa, Etihad Airways, Emirates, among others.

Fairmont Signs on Indian-Based Carrier Jet Airways as Newest Airline Partner


TORONTO, ONTARIO, May 07, 2012 (MARKETWIRE via COMTEX) —
Fairmont Hotels Resorts today announced a new marketing alliance
with Jet Airways, India’s premier international airline. As part of
the new partnership, guests and members of the luxury hotel brand’s
guest recognition program, Fairmont President’s Club, will have the
option of earning airline miles in Jet Airways’ frequent flyer
program, JetPrivilege.

“India is a dynamic, international market, and with our burgeoning
growth in Asia and entry into Southeast Asia with the upcoming
opening of Fairmont Jaipur, we see this as both a timely and
strategic addition to our roster of airline partners”, said Serge
Simard, Regional Vice President, Africa and India. “We’re very
excited to be teaming with a respected and influential international
carrier like Jet Airways and giving our frequent guests another
mileage option to choose from.”

Commenting on the partnership, Mr Sudheer Raghavan, Chief Commercial
Officer, Jet Airways, said, “Guest delight is at the core of Jet
Airways’ strategy to offer better value creation for its JetPrivilege
members. This partnership positions us among the leading airline
frequent flyer programs in India with the high value it offers
members and the wide range of product choices. This is an effort to
create an exceptional experience and this new marketing alliance with
Fairmont Hotels Resorts will allow JetPrivilege members to enjoy
several unique benefits in select cities across the globe.”

Based in Mumbai, Jet Airways operates flights to 24 international and
52 domestic destinations and the carrier’s commitment to delivering
exceptional service has garnered the airline many awards and
accolades, making it a natural partner for Fairmont. The airline also
services a number of international markets which Fairmont calls home
including London, where The Savoy has reopened following one of the
most ambitious restorations in British history, and New York City,
which lays claim to one of the world’s most legendary hotels, The
Plaza.

To kick of the new partnership, Fairmont is extending a launch offer
to its guests. From May 7 – August 6 2012, guests on qualifying stays
will have the opportunity to earn triple miles based on 500 miles per
night to a maximum of 2,000 miles per stay. Following the welcome
offer, frequent guests of Fairmont will have the ability to earn 500
frequent flyer miles per qualifying stay.

With an eye on international growth, Fairmont is working on a number
of exciting developments, including many in Asia and Southeast Asia,
such as the soon-to-open Fairmont Jaipur, a 199-room city center
hotel, located in Rajasthan in the northwest of India. Other hotel
openings in Asia include Fairmont Makati, Manila, Philippines (2012),
Fairmont Nanjing, China (2013), Fairmont Taiyuan, China (2014) and
Fairmont Chengdu, China (2014).

Fairmont President’s Club provides frequent guests with special
benefits and privileges designed to reflect individual travel
preferences and offer an enhanced level of service. Personalized
travel profiles afford members customized stay experiences while
in-hotel benefits include complimentary high-speed and wireless
Internet, Fairmont Fit athletic gear, a members-only reservations
line, expedited check-in and check-out, and access to exclusive
vacation offerings. Enrollment is free and guests can join at any
Fairmont location worldwide, online at fairmont.com/fpc or by
contacting Fairmont’s global reservation center at 1-800-441-1414.

Jet Airways becomes the latest addition to Fairmont’s collection of
airline partners, a group that includes other top carriers such as
United Airlines, American Airlines, Air Canada, Lufthansa, Etihad
Airways, Emirates, Cathay Pacific, Singapore Airlines, Air China,
Qatar Airways and Alaska Airlines.

About Fairmont Hotels Resorts

Located in world-class destinations around the globe, Fairmont Hotels
Resorts is a celebrated collection of hotels that includes landmark
locations like London’s The Savoy, New York’s The Plaza, and
Shanghai’s Fairmont Peace Hotel. With more than 60 hotels, Fairmont
is known as much for its warm, engaging service and culturally rich
experiences, as its classic hotels that imbue a sense of heritage,
sophistication and social importance and are often considered
destinations in their own right. A community and environmental
leader, Fairmont is also regarded for its responsible tourism
practices and award-winning Green Partnership program. Fairmont is
owned by FRHI Holdings Limited, a leading global hotel company with
over 100 hotels under the Fairmont, Raffles, and Swissotel brands.
The company also manages Fairmont and Raffles branded estates and
luxury private residence club properties. For more information or
reservations, please call 1-800-441-1414 or visit fairmont.com.

Become a fan of Fairmont. Join our online communities at
everyonesanoriginal.com, twitter.com/fairmonthotels, and
facebook.com/fairmonthotels. For career opportunities, visit
facebook.com/fairmontcareers.

About Jet Airways

Jet Airways currently operates a fleet of 102 aircraft, which
includes 10 Boeing 777-300 ER aircraft, 12 Airbus A330-200 aircraft,
60 next generation Boeing 737-700/800/900 aircraft and 20 modern ATR
72-500 turboprop aircraft. With an average fleet age of 5.95 years,
the airline has one of the youngest aircraft fleets in the world.
Flights to 76 destinations span the length and breadth of India and
beyond, including Abu Dhabi, Bahrain, Bangkok, Brussels, Colombo,
Dammam, Dhaka, Doha, Dubai, Hong Kong, Jeddah, Johannesburg,
Kathmandu, Kuala Lumpur, Kuwait, London (Heathrow), Milan, Muscat,
New York (both JFK and Newark), Riyadh, Sharjah, Singapore and
Toronto.

About Jet Airways Konnect

A consolidation of the erstwhile JetLite and Jet Airways Konnect
brands, the new JetKonnect service is a dedicated product designed to
meet the needs of the low fare segment. JetKonnect will also offer
guests a Premiere service on certain select routes. With its mixed
fleet of Boeings and ATR aircraft and 400 daily flights connecting 56
destinations across India, JetKonnect provides more flexibility and
choice to its guests, making it India’s largest low fare brand.
JetKonnect’s convenient schedules, reliable service and low fares
promises to bring greater value and a seamless flying experience to
our customers. Jet Airways and Jet Konnect have a combined fleet
strength of 121 aircraft and operate over 620 flights daily.

Public Relations

Jet Airways (I) Ltd.

Ragini Chopra

Vice President, Corporate Communications Public Relations

New Delhi, India

Tel: +91 11 4164 5080

raginic@jetairways.com

A.K. Sivanandan

Vice President-Public Relations

New Delhi, India

Tel: +91 11 2652 3357

asivanandan@jetairways.com



        
        Contacts:
        Fairmont Hotels and Resorts
        Lori Holland
        212/715-7098
        lori.holland@fairmont.com
        
        Fairmont Hotels and Resorts
        Mike Taylor
        416/874-2457
        mike.taylor@fairmont.com
        
        
        


SOURCE: Fairmont Hotels Resorts



        mailto:lori.holland@fairmont.com
        mailto:mike.taylor@fairmont.com
        


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