Proposed Hotel – Broward County Convention Center

SAG evaluated elements of a submitted development plan in order to make a recommendation regarding the amount in nature of the County’s investment in the 500-room convention hotel project.  SAG evaluated development costs, the management contract, the branding strategy, room block commitments and financial structure.  Based on SAG’s conclusions and recommendations, the County made an offer to the developer, which the developer accepted.  Ultimately, the developer failed to secure the equity required by its lender and the County terminated the development agreement.

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