The Lowenstein Family Reaffirms its Commitment to the South Florida Community MIAMI (Nov. 18, 2016) – Family-owned Lionstone Development celebrated its 50th anniversary with an exclusive reception at The Ritz-Carlton South Beach on Nov. 17, 2016. The evening underscored the company’s strong commitment to South Florida’s past, present and future. For the milestone, the Lowenstein family partnered with Big Brothers Big Sisters of Miami to provide a matching grant of $75,000 to sponsor 50 matches.
More than 200 guests including local community and business leaders, and VIPs joined in on the celebration, including Mayor Carlos A. Gimenez of Miami-Dade County who served as master of ceremony, and presented the Lowenstein family with a Proclamation of Lionstone Development’s 50th Anniversary Day on Nov. 17, 2016. This recognizes the Lowenstein family’s exemplary achievements, contributions to the growth of South Florida, and entrepreneurial legacy. The memorable evening was punctuated with a live performance by the New World Symphony inspired by the sounds of Argentina, a nod to the Lowenstein’s heritage.
Lionstone Development’s foray into South Florida’s real estate development industry began with the purchase of its first hotel on Miami Beach in 1966. Since then, the Lowenstein family has developed some of the most iconic projects in the destination, many of which have helped shape Miami into a premier leisure offerings in global hospitality. Current and past project highlights, respectively, include The Ritz-Carlton South Beach, one of the top performing properties for the luxury brand; and EPIC, a first of its kind in the Downtown area. Most recently, Lionstone Development partnered with Virgin Hotels and, together, brought the first-ever Virgin property to Chicago in 2015, a brand they plan to bring to the market in the near future.
Aside from South Florida, the Lowensteins’ continue to invest selectively in Europe and the Caribbean, particularly in the upscale resort, and luxury all-inclusive hospitality sector.
Ideally located in the heart of South Beach, Miami, the landmark hotel was originally imagined by architect Morris Lapidus, and following its floor-to-ceiling restoration is set to deliver a rare and refined experience marked by timeless design, thoughtful programming, and the anticipatory service of the Ladies and Gentlemen of The Ritz-Carlton. Read more “Article: The Ritz-Carlton Spa, South Beach”
MIAMI (March 28, 2016) –– The Ritz-Carlton South Beach successfully executed a $210,000,000 refinance with Cantor Commercial Real Estate and Societe Generale. The transaction was announced by Lionstone Development and Flag Luxury on behalf of the Dilido Beach Resort L.L.C. a joint venture between such entities. Greenberg Traurig and Eastdil Secured represented Dilido Beach Resort L.L.C.
“The closing of this financing serves to further confirm the strength of The Ritz-Carlton South Beach. We are delighted to own this asset and look forward to its continued success.”
– Diego Lowenstein, CEO of Lionstone Development
“We are very pleased to secure this financing for our flagship hotel. South Beach is a vibrant and diverse hospitality market and we are proud to be the leaders in this market today and for years to come.”
– Paul Kanavos, CEO and Chairman of Flag Luxury
About Lionstone Development
Miami-based Lionstone Group has a 50-year track record of owning, developing, leasing, and managing hospitality and residential properties throughout South Florida. Lionstone’s property and development portfolio includes distinctive projects such as The Ritz-Carlton, South Beach; The Ritz-Carlton, Bal Harbour; EPIC Residences & Hotel; and the first Virgin Hotel located in Chicago. For more information, visit www.lionstonedevelopment.net.
About Flag Luxury
Having planned and completed over $4 billion of hospitality, retail, entertainment and residential projects, Flag Luxury is a leader in its industry. Notable recent projects include The Ritz-Carlton, South Beach; The Ritz-Carlton, Bal Harbour; The Ritz-Carlton, Coconut Grove and Residences; The Ritz-Carlton Golf Club and Spa Jupiter; The Shelborne Wyndham Grand South Beach; The Wyndham Orlando Resort; I Shops Retail Orlando; I-Drive 360 Orlando entertainment and retail complex; the Harmon Retail Center on the Las Vegas Strip; and The Ritz-Carlton Shops South Beach. Flag Luxury currently has over $1 Billion of new projects in its pipeline in New York City, Miami and San Francisco.