Key International starts building AC Hotel by Marriott near Fort Lauderdale beach

The Miami-based firm paid $9.56M in 2016 to acquire the Alhambra Street site for a 10-story, 171-room AC Hotel by Marriott

Rendering of planned AC Hotel by Marriott at 3029 Alhambra Street in Fort Lauderdale
Rendering of planned AC Hotel by Marriott at 3029 Alhambra Street in Fort Lauderdale

Miami-based Key International broke ground for construction of an AC Hotel by Marriott near the beach in Fort Lauderdale.

Key International is building the 10-story, 171-room hotel on a site at 3029 Alhambra Street on Fort Lauderdale’s barrier island.

The Miami-based firm acquired the development site as a three-parcel assemblage for $9.56 million in July 2016.

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Amenities at the AC Hotel by Marriott will include a cocktail lounge and a resort-style swimming pool with cabanas and dining service.

Key International acquired the half-acre development site about eight months after Fort Lauderdale city commissioners approved a site plan for the hotel development in November 2015.

South Carolina-based OTO Development had a contract to purchase the Alhambra Street site but decided against closing the deal.

Key International’s portfolio of hotels and resorts includes the Eden Roc Resort in Miami Beach, a newly opened  Embassy Suites by Hilton in St. Augustine and the dual-brand Residence Inn and Springhill Suites in Clearwater. [Hospitality.net]Mike Seemuth

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