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Article: Best Rate Travel, Inc. (OTC:BTVL) Signed a Letter of Intent to Acquire 105 Riverside LLC.
- Article from:
- Business Wire
- Article date:
- December 27, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOCA RATON, Fla. -- Best Rate Travel, Inc. (OTC:BTVL) today signed a Letter of Intent to acquire 105 Riverside LLC, including all associated real estate assets, to build a $35 Million, 90 room boutique resort in prestigious Pompano Beach, which won the 2005 All American City Award. The resort is scheduled to open October 2008. Best Rate Travel, Inc. will own 100% of the overall Pompano Beach resort.
The Riverside resort project will be built on a 27,000 sq. ft. parcel with a 180 ft. frontage on the intracoastal and a marina. The adjoining property to the North is owned and being developed by WCI Communities (OTC:WCI). It has been named Oceanside Pompano Beach, and ...