Bayrock begins Trump project

Real Estate Weekly, June 22, 2005

Bayrock Group, an international resort and hotel development company, is proud to announce that construction has begun on the Trump International Hotel & Tower Fort Lauderdale, a 301-unit condominium/ hotel overlooking the Atlantic Ocean. Completion of the project is scheduled for the Spring of 2007.

More than 80 percent of the units at Trump International Hotel & Tower Fort Lauderdale have already been reserved, with release of the remaining fully furnished and outfitted deluxe studios, one- and two-bedroom suites scheduled for June 2005. Pre-construction prices for the remaining units range from $500,000 to over $3 million.

Donald J. Trump is developing Trump International Hotel & Tower Fort Lauderdale in partnership with Bayrock Group, along with New York-based developer Roy Stillman. The 24-story development at 551 North Fort Lauderdale Beach Boulevard--designed by the renowned firm of Michael Graves & Associates--will feature a distinctive curved shape resembling a 1920s luxury cruise liner.

Donald J. Trump pioneered the condominium hotel concept in New York City with Trump International Hotel & Tower on Central Park West, which is currently rated the number one hotel in the United States by Conde Nast Traveler Two distinct advantages of Trump's condo/hotel concept are that condominium owners have the option to allow a premier hotel management company to maintain and rent their units when not occupied, and they are offered one of the most favorable rental programs found in me marketplace today.