The Ritz-Carlton, South Beach

Flag conceived the first Ritz-Carlton to embrace local architecture while preserving the brand’s luxury experience, creating a second-generation model for future Ritz-Carltons. In 1999, Flag undertook one of the most important and extensive restorations ever executed in South Beach by transforming the former DiLido hotel into the 376-key Ritz-Carlton South Beach. The $200 million gut renovation completely restored and modernized the Morris Lapidus-designed property. The site features an oceanfront infinity pool, a 16,000 square foot spa and is South Beach’s first five-star hotel and one of Florida’s most luxurious destinations. Since its opening, the Ritz-Carlton South Beach has been one of the most profitable Ritz-Carltons in the world.

376 Guest Rooms and Suites
10,000 sq. ft. Ballroom
10,000 sq. ft. of Meeting and Banquet Space
16,000 sq. ft. Maison de Beaute Carita Spa
Fine Dining Restaurant
DiLido Beach Club Restaurant
Oceanfront Infinity Pool
Cabanas Overlooking the Ocean

The Shelborne, South Beach

Flag restored and modernized this 210-room historic landmark into the area’s newest luxury lifestyle hotel. Situated in the heart of South Beach, the Art Deco masterpiece was originally designed by Polevitzy + Russell and updated in the 1950s by the legendary Morris Lapidus, but had more recently devolved aesthetically as a condominium hotel. Flag acquired 210 condo units, and subsequently completed an extensive $90 million restoration in 2014 that brought modern amenities while bringing back its original glamour. Now a premier destination, the hotel has achieved AAA’s Four Diamond status.

210 Guest Rooms And Suites
Sarsaparilla Club
Library Bar
Poolside Restaurant
Townhomes and Penthouse Suite
11 State-of-the-Art Function Spaces
Oceanfront Pool
Poolside Air-Conditioned Cabanas
Private Beach Club
Blue Harmony Spa
Fitness Center

The Ritz-Carlton, Bal Harbour Resort & Spa Miami

Flag acquired this well-established, but struggling, 5-star luxury boutique condominium-hotel in 2014 after being drawn by its ideal oceanfront location at the tip of upscale Bal Harbour Island. Flag brought Ritz-Carlton into the project in the fall of 2014, and was able to capitalize on management synergies with its other local property, the Ritz-Carlton South Beach. After strategically bringing Ritz-Carlton into the project in the fall of 2014, Flag was able to capitalize on management synergies with its other local property, the Ritz-Carlton South Beach. Flag has completed the project’s renovation which includes restaurant, spa & fitness areas, hotel façade and front entrance way.

124 Guest Rooms & Suites
Bistro Bal Harbour
10,000 sq. ft. Exhale Spa
Outdoor Heated Swimming Pool
Private Cabanas with Private Plunge Hot Tubs
10,000 sq. ft. of Indoor and Outdoor Gathering Space
Direct Beach Access

The Ritz-Carlton, Coconut Grove & Residences

Flag developed the first Ritz-Carlton branded and serviced residential project in the world. With 115 guest rooms and 300,000 square feet of residences set within the lush surroundings of the Biscayne Bay, The Ritz-Carlton Coconut Grove and Residences has served as a model for subsequent Ritz-Carlton hotel and residential projects worldwide.

115 Guest Rooms & Suites
Extensive Event and Pre-Function Space
3,200 sq. ft. Garden Courtyard
5,200 sq. ft. Ritz-Carlton Ballroom
6,000 sq. ft. Boutique Spa
24-hour Cardiovascular & Strength Training Center
Heated Lap Pool
A Designated Florida Green Lodging Property

The Ritz-Carlton Golf Club & Spa, Jupiter

Flag envisioned and developed the first Ritz-Carlton residential golf club in the world on this 300+ acre site. The 100-unit single-family home and fractional residential community was branded and serviced by Ritz-Carlton and was developed in partnership with Jack Nicklaus. The project includes a challenging Jack Nicklaus Signature golf course, two widely acclaimed restaurants, a 68,000 square foot Members Clubhouse and is recognized as the gold standard of branded residential communities.

18-hole Jack Nicklaus Signature Designed Golf Course
68,000 sq. ft. Members Clubhouse
15,000 sq. ft. Ritz-Carlton Spa
Clubhouse Concierge
Two Restaurants
60 Club Homes (1/8 fractions)
30 Estate Residences
44 Residences
Addison Mizner-Inspired Architecture

The Wyndham Orlando Resort

Flag identified this 25-acre site as a AAA location in the Orlando market, centered in the heart of the I-Drive corridor. This convention hotel at the intersection of International Drive and Sand Lake Road, is within one mile from the Orlando Convention Center and Universal Studios and adjacent to the new Orlando Eye. Flag added 30,000 square feet of meeting & lobby space, renovated the hotel’s 613 guest rooms and added lush landscaping to the sprawling grounds. The hotel is now recognized in the market as a modern and state-of-the-art leisure and group-business hotel.

613 Guest Rooms & Suites
60,000 sq. ft. of Meeting and Banquet Space
Gatorville Restaurant
18-Hour Lobby Bar
Heated Outdoor Pool
Fitness Center

Regent Wall Street

Flag served as a fee developer for Sydney Kimmel to restore this historic Wall Street landmark for $125 million in 1998 after envisioning its true potential as the first 5-star luxury hotel in the Financial District. Originally designed by Isaiah Rogers in the Greek revival style and completed in 1842, Flag oversaw the rigorous gut restoration to create 144 rooms and suites, unrivaled in their day. This beautiful building is now home to Cipriani Wall Street and a range of exquisite condominium residences.

Features/Amenities (from when it was a luxury hotel):
12,000 sq. ft. Regent Ballroom
11 Meeting and Function Rooms
The Regent Spa
Indoor Pool
Gym/ Fitness Center
‘55 Wall’ Contemporary Restaurant

Temenos, Anguilla

Flag served as fee developer for entertainment billionaire Robert FX Sillerman to create this 286-acre resort on the southern tip of Anguilla – now one of the Caribbean’s most exclusive golf and luxury residential destinations. Flag hired golf-legend Greg Norman to design the island’s first and only 18-hole signature championship golf course to compliment the development’s 16 oceanfront estates, and a yet-to-be-realized 97-room hotel and spa.

286 Acres
16 Oceanfront Estates
97-Room Hotel and Spa
7,200 Yard Greg Norman-Designed Golf Course

Harmon Corner Retail Center, Las Vegas

Recognizing the untapped potential of pedestrian consumers, Flag developed this 110,000-square-foot retail complex on a 2.2-acre parcel on the most highly-trafficked corner of the Vegas Strip. The Harmon Corner Retail Complex has quickly become the most successful mid-tier retail offering on the strip and serves as a hub between City Center, Planet Hollywood and the MGM Grand Resort. The Walgreens and McDonald’s anchoring its ground floor are each worldwide top-selling locations for their respective brands. The development also features an 18,000-square foot animated LED sign – one of the largest and most successful signs in the world.

Select Tenants:
Panda Express
Rainforest Café
Krispy Kreme
Bubba Gump Shrimp
Taco Bell
Vegas Tattoo

Icon Orlando 360, Orlando

Flag Luxury completed development of Icon Orlando 360 – a $250 million entertainment destination in the heart of Orlando’s I-Drive corridor – in the spring of 2015. The development’s 233,000-square feet of retail and dining attractions cover 18.7 square acres and are all anchored by the iconic Orlando Eye – one of North America’s largest observation wheels at 400-feet tall. Tenants such as Madame Tussaud’s and SEA LIFE Aquarium serve the area’s 66 million annual tourists and conventioneers.

Select Tenants:
Madame Tussaud’s
SEA LIFE Aquarium
Outback Steakhouse
Carrabbas’ Italian Grill
Yard House
Tin Roof
Buffalo Wild Wings
Shake Shack
Paramount Fine Foods
Sugar Factory
Cowgirls Rockbar

I-Shops, Orlando

To compliment our other properties in the area and tap Orlando’s growing economy, Flag developed this 20-acre, 138,000-square-foot commercial and retail space. I-Shops is ideally located at the intersections of International Drive, Sand Lake Road, and Universal Boulevard. It features a range of family favorite restaurants such as the LongHorn Steakhouse, Chuy’s Tex-Mex Restaurant, and BJ’s Restaurant & Brewhouse, and is anchored by an 18,000-square-foot, flagship Walgreens.

Select Tenants:
LongHorn Steakhouse
Chuy’s Tex-Mex Restaurant
BJ’s Restaurant & Brewhouse
Cooper Hawk Winery & Restaurant
Cold Stone Creamery/Rocky Mountain Chocolate Factory

Hawaiian Marketplace, Las Vegas

Flag was among the first development companies to predict the evolution of Las Vegas from a pure gambling center into a more diversified tourist and entertainment destination. Capitalizing on this shifting market, Flag created the first entertainment retail center on the Las Vegas Strip. The Hawaiian marketplace was developed on an 8-acre parcel directly across from the MGM CitiCenter project. The 80,000-square foot complex includes retail, dining and outdoor performance space and continues to draw tens of thousands of tourists each month.

Select Tenants:
Pete Rose Sports Bar & Grill
The Lobsta Trap
Ruyi Restaurant
Alta Reflexology
Din’s Little Italy
Tamba Indian Cuisine
Chicken Now
DJ’s Taco Bar
Tix 4 Tonight


Flag currently has three select projects in its development pipeline.

Five Star Hotel, New York City
Flag is in advanced design to develop a 250-room luxury hotel in the heart of Manhattan’s NoMad neighborhood, on the corner of 28th and Broadway. Construction is expected to commence in late 2016. We purchased the 17,000-square-foot site in 2015.

Convention Hotel, Orlando
Flag is in the conceptual planning stage to develop a 1,600-room convention hotel in the heart of the I-Drive corridor and convention district. We purchased the 20-acre site in 2011.

Five Star Hotel, Las Vegas
Flag is in the conceptual planning stage of developing a 250-room, 5-star hotel, and 400,000 square feet of branded residences in the heart of the Las Vegas Strip. We purchased the site in 2010.