The Real Deal Miami

Palm Beach convention hotel process staggers on

December 01, 2009 03:09PM

The lengthy, convoluted quest to find a developer for a Palm Beach
County convention center hotel took another turn this week when a
court-appointed special master said county officials had unfairly
rejected bids from two of five contractors seeking the work. The
Related Companies and another group, Acquest Realty Advisors of
Michigan, had been approved for bids, but special master Robert Rosillo
said the county had given Related an unfair advantage. He ordered that
FRI Investors and Rose Development, both of West Palm Beach, be
returned to the bidding, and added that the fifth remaining bidder,
Grove Street Partners of Atlanta should be reinstated as well. [Palm
Beach Post]