Press Release: Club Regent Fort Lauderdale Beach
March 21, 2001
FORT LAUDERDALE, FL -- The $60 million member- owned Club Regent Fort Lauderdale Beach, an affiliate of Regent
International Hotels, announced the opening of its multi-million dollar sales center, which includes a lavish million-dollar
model apartment with spectacular views of the beach, ocean, marina and the Intracoastal Waterway.
The oceanfront project encompasses a 15-story building with 34 extravagant apartments, each worth over $1 million,
on the beachfront in Fort Lauderdale. Club Regent represents an exciting and unique opportunity for buyers to own
an exclusive high-end vacation home on the beach in South Florida on a fractional basis. Under fractional ownership,
purchasers receive a deed to the property and share the cost among fellow club members, thereby reducing the purchase
price from over $1 million to a pre-construction price between $200,000 and $250,000. This has become the road
most traveled by successful and financially savvy investors that are looking toward the emerging Ft. Lauderdale
skyline. What these in-the-know consumers are finding most compelling is this type of vacation homeownership called
a Private Residence Club of which perhaps the most prestigious example is Club Regent Fort Lauderdale Beach. In
this sense you can own and enjoy a million or two- million dollar private residence with virtually unlimited access
while preserving your capital and paying only a fraction of the value.
``Of the variety of planned beachfront property, Club Regent makes the most sense in terms of a practical and affordable
way to own a five-star vacation residence on the ocean,'' said Mr. William Govel, president of MJQ Development.
``Purchasing a fractional ownership is similar to purchasing a membership at an exclusive equity golf and country
club or sharing ownership of a private jet where use privileges are limited to members and their guests.
``We are blessed with a perfect climate year round, a stimulating environment including the never-ending rhythm
of the surf and every conceivable man-made luxury. Club Regent Fort Lauderdale Beach will soon be an international
haven for the discerning private vacation club owner.''
Club Regent Fort Lauderdale Beach will include opulent furnishings by noted designer Steven G. ``I have taken great
care and delicacy to enhance and perfect each square foot of this premium oceanfront space. My design is dedicated
to those who seek the intricate balance of refined elegance and comfort,'' said G. In addition to unparalleled
elegance and the exquisite furnishings, Club Regent Fort Lauderdale Beach will have all the amenities and services
that you would find in the finest 5-star hotels and resorts such as Regent International Hotels, the Four Seasons
and the Ritz Carlton. Among these amenities are planned scheduled cruises aboard the Club's private yacht, golf
membership at a private golf and country club, a fleet of limousines, spa and health club, oceanfront restaurant
and cafe, high-tech electronics and fiber optic telecommunications providing for worldwide video conferencing,
housekeeping and valet services.
Construction will begin in mid 2001 with occupancy expected in June 2002. Two and three bedroom memberships will
be priced from $200,000 to $250,000 with monthly owner dues of $650 to $750.
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Contact:
Wendy Houghton 561.750.9800 x17 whoughton@transmediagroup.com
SOURCE: Club Regent Fort Lauderdale Beach