Starwood Wants Piece Of $131M Margaritaville Resort Project

Law360, New York (August 31, 2012, 2:28 PM EDT) -- Private equity firm Starwood Capital Group wants to finance a chunk of a $131 million resort project in Hollywood Beach, Fla., in return for a spot on the development group, paving the way for the project's final approvals, a city spokeswoman said Friday.

After working with city officials and lenders all summer, the developer will put forward a new funding agreement Sept. 5 for the Margaritaville Beach Resort project to be approved by the city council and its Community Redevelopment Agency,  according to city spokeswoman Raelin...
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