Key International starts building AC Hotel by Marriott near Fort Lauderdale beach

Key International starts building AC Hotel by Marriott near Fort Lauderdale beach

The Miami-based firm paid $9.56M in 2016 to acquire the Alhambra Street site for a 10-story, 171-room AC Hotel by Marriott

March 16, 2019 05:15PM

Rendering of planned AC Hotel by Marriott at 3029 Alhambra Street in Fort Lauderdale

Miami-based Key International broke ground for construction of an AC Hotel by Marriott near the beach in Fort Lauderdale.

Key International is building the 10-story, 171-room hotel on a site at 3029 Alhambra Street on Fort Lauderdale’s barrier island.

The Miami-based firm acquired the development site as a three-parcel assemblage for $9.56 million in July 2016.

Amenities at the AC Hotel by Marriott will include a cocktail lounge and a resort-style swimming pool with cabanas and dining service.

Key International acquired the half-acre development site about eight months after Fort Lauderdale city commissioners approved a site plan for the hotel development in November 2015.

South Carolina-based OTO Development had a contract to purchase the Alhambra Street site but decided against closing the deal.

Key International’s portfolio of hotels and resorts includes the Eden Roc Resort in Miami Beach, a newly opened  Embassy Suites by Hilton in St. Augustine and the dual-brand Residence Inn and Springhill Suites in Clearwater. []Mike Seemuth

Norwich Partners tops out Aventura AC Hotel

Construction site of AC Hotel by Marriott in Aventura
Developer Norwich Partners just topped out its upcoming AC Hotel by Marriott in Aventura.
Construction of the nine-story hotel at 20805 Biscayne Boulevard began in June 2015, according to a news release from CBRE Project Management. Craft Construction, the project’s general contractor, held its topping-off celebration Friday after they finished the concrete pour for the hotel’s final floor.
The 233-room hotel is slated to be South Florida’s second-ever AC Hotel by Marriott when it opens in November of this year. Norwich, which has a development office in the city of Sanibel on Florida’s western coast, hired Zyscovich Architects to design the 192,514-square-foot structure.
Rendering of the planned AC Hotel in Aventura (Credit: Zyscovich Architects)
Norwich financed its project with a $35 million construction loan from Wells Fargo, which it inked in August. Besides its rooms, the hotel will feature two levels of integrated parking, a bar, gym, pool, amenities deck and breakfast room.
Nearby, the mixed-use Aventura ParkSquare development expects to break ground on its own 207-room Aloft hotel this month.
South Florida got its first AC Hotel at 2912 Collins Avenue in Miami Beach in June when developer Robert Finvarb opened his seven-story hotel with 150 rooms carrying the Marriott brand. AC is geared toward millennials, replacing typical features like room service with things like snack bars. — Sean Stewart-Muniz

Source: The Real Deal Miami