According to AWH Principal Russ Flicker, the Bridge Hotel will remain one of Boca’s most notable, continuing to operate as a traditional hotel, yet repositioned and transformed to be more relevant and exciting to meet the desires and needs of today’s discerning vacationers as well as social and business guests. The redevelopment plan includes entirely new hospitality and dining concepts, expanded waterfront amenities, as well as a new dock flanking the property’s entire Lake Boca perimeter so that diners and hotel guests will soon have the option to arrive by boat. Extensive renovations of guestrooms, restaurants and public spaces will begin in spring 2013.
“We are very excited to add the Bridge Hotel to our collection of repositioned luxury hotel properties,”
AWH Principal Chad Cooley reported that Lane Hospitality (unrelated to The Lane Organization)
“The Bridge Hotel property complements our operational and repositioning experience with independent hotels and resorts,” noted DeForrest. “Working with the ownership team we will, ensure a successful repositioning that will benefit the greater Boca Raton community and local tourism industry as well as deliver a profitable return to its ownership. We challenge our hotels to strive for excellence and rely on our leadership team of professionals to ensure an impeccable guest experience at each property we manage.”
The seasoned team of AGV and WHH bring extensive experience in hospitality investment, development and management. The team formed AWH Partners to pursue hospitality investments requiring capital infusions and/or repositioning.
About AWH Partners, LLC
AWH Partners, LLC, a joint venture between August Group Ventures, LLC and Winston Harton Holdings, LLC, offers an experienced institutional investment and management platform with dedicated capital. For more information, visit www.awhpartners.com.
About August Group Ventures, LLC
August Group Ventures is a privately held real estate investment, development and management firm founded in 2009 by New York-based Related Companies veteran Chad Cooley to pursue opportunities in the ailing hospitality market. August Group owns and manages hotels around the United States and seeks opportunities to invest in and manage assets requiring capital, repositioning and turn-around expertise. For more information, visit www.augustgroupventures.com.
About Winston Harton Holdings, LLC
Winston Harton Holdings, LLC (WHH) was established by Russell Flicker and Jonathan Rosenfeld to acquire distressed, value-added and operationally intensive real estate assets through equity and debt. Its principals have extensive experience and complementary skill sets in the real estate sector, including acquisitions (private transactions and public securities), capital markets and asset management and asset repositioning. WHH will partner with both traditional institutional capital as well as private pools of capital to pursue transactions ranging from $10 - $250 mm. For more information, visit www.whhllc.com.
About The Lane Organization LLC
The Lane Organization LLC (“Lane Organization”)
About Lane Hospitality
Lane Hospitality offers expertise in all facets of hospitality management and is committed to preserving, protecting and enhancing the value of hotel real estate. For more information, visit www.lanehospitality.com.