Just read the front page story in the Daily Business Review the news about the Westin Diplomat Resort & Spa -along with the Diplomat Landing retail center and the eponymous golf course and country club across the Intercoastal- being shopped around for some number probably north of $650 million if the expansion across AIA to the proposed Diplomat West is included.
Ace real estate journalist Terry Sheridan, as always, paints a very clear picture of what's what and who's who in the drama being played behind-the-scenes in flipping this premier Hollywood beach property, which I can see everyday on the beach two miles from where I live, so large is its shadow.
She quotes some knowledgeable folks who think that the expansion would likely justify the price being floated out there in the ether, given the great location and its self-evident star quality.
And as you know, the Super Bowl will be back here in early 2009 after being out in Arizona this year, and the Westin will likely once again be one of the NFL's key host hotels, given the high quality of service they provide. The front desk and concierge staff there is top notch!
http://www.dailybusinessreview.com/news.html?news_id=44615
http://www.southbeachhoosier.blogspot.com/
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