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Lago Mar Resort & Club = Ritz Carlton ???

Which Fort Lauderdale hotels are on sale?
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Lago Mar Resort & Club = Ritz Carlton ???

I read a rumor that Marriotts Ritz Carlton management is in negotiations with owners of Lago Mar to manage and re name the place to the Lago Mar Ritz Carlton resort & club?

I think they might need to do some updating of the older buildings (like those from the 1950s....which I have never neen in, but assume must be refurbed several times, but not big like other branded Ritz Carltons.

I assume the prices will also go up....if this happens. Currently, out of season (or even shoulder seasons) we could find some very fair rates....but its getting less & less available in Ft LAuderdale areas.

The Club part might indicate the selling of fractionals of the rooms...ie...a timeshare that will be called a Residence...actually like a quarter share ( Not a weekly purchase, but a fraction of a year no less than a month....

Or...a condotel....

Did anyone else see anything?

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1. Re: Lago Mar Resort & Club = Ritz Carlton ???

The story was reported in yesterday's SunSentinel: