Fontainebleau III - Miami Beach Condo Hotel Fontainebleau three


	FONTAINEBLEAU III - CONDO HOTEL 4391 Collins Avenue Miami Beach, FL 33140 Neighborhood: Millionaire's Row/Mid Beach Location: Oceanfront Year Built: Estimated Completion-Late 2006 Bedrooms: Junior Suite, 1 and 2 Number of Units: 296 Number of Stories: 18 Price : $600,000-$1,700,000+ The incredible reputation of Miami Beach’s Fontainebleau properties has created the opportunity for Fontainebleau III Ocean Club, a condominium-hotel adjacent to the wildly popular Fontainebleau II and the world-famous Fontainebleau Hilton. Together, the three will occupy more than 1,200 feet of beautiful, oceanfront land. No hotel in the area comes close to having that much beach frontage! Fully decorated and fully furnished, your clothes and personal belongings are all you'll need to check in at Fontainebleau III Miami Beach. Pack for the time you expect to be here…a weekend, a week, a month…Your impeccably crafted, tastefully furnished, well-equipped Fontainebleau III residence is ready for you. We’ve thought of everything. Fontainebleau III will feature distinctive condo-hotel tower residences with breathtaking views of the Atlantic Ocean and Miami. Like Fontainebleau II, the fully and elegantly furnished and accessorized III suites combine the privacy and exclusivity of an elegant condominium residence with the numerous world-class conveniences and amenities of the famed Fontainebleau resort. Your unique status at Fontainebleau III will entitle you to enjoy all the benefits and services of being both a condo owner and coveted hotel guest. And, you can reap the rewards of adding your unit to the Rental Management Program while you are away. The Fontainebleau Hilton has an impressive 50-year management history, and an equally impressive 70% average occupancy rate. With North Beach, Bal Harbour and Aventura to the north, South Beach to the south and Miami to the west, you’ll need a lifetime to explore all the magnificent dining, shopping, nightlife, cultural and sports activities that have made Miami Beach a beloved worldwide vacation and residential destination. Fontainebleau 3 III Resort - Building Amenities: ------------------------------------------------------ 1,200 feet of white sand oceanfront beach All sorts of water sports, from jet skiing to parasailing 18 acres of incomparable recreation Family-oriented water playground, featuring a sprawling octopus, a giant water slide, cabanas, and a supervised children's activity center Private, adult outdoor swimming pool Beachfront and poolside bar, raw bar and snack bar Two lighted tennis courts, tennis pro and pro-shop World-class Spa and Fitness Center, offering a full program of classes and services, including massages, body treatments, facials and skin care sessions, in-suite personal pampering and private one-on-one fitness sessions, a salt water pool, and a delicious, nutritious Spa Eatery Exclusive Fontainebleau III full-service restaurant and separate owners’ lounge for continental breakfast, cocktails and hors d'oeuvres Variety of indoor and outdoor, casual and formal restaurants, serving breakfast, brunch, lunch, dinner, and late-night snacks, from traditional American fare to Continental and Japanese cuisine Intimate lounges, friendly watering holes, live and lively entertainment, dining and dancing in the famous Club Tropigala Shopping arcade for everything from sundries to antiques Fully-staffed lobby, 24-hour security and concierge Fontainebleau 3 III Resort - Residence Features: -------------------------------------------------------- Designed by Susan Firestone Interiors, the firm that decorated the Venetian hotel in Las Vegas All units fully furnished and fully accessorized Plush and comfortable furniture Refined interior design accessories Designer carpeting and tile Jerusalem stone floors Marble baths Granite countertops Bar with stone facing King-sized beds TV set, flat-screen in certain units Fax machine State-of-the-art computer hook-up Linens and towels Dinnerware, silverware, glassware and cookware Full kitchen with all appliances Fontainebleau Services: room service, concierge, housekeeping, laundry and dry cleaning, and turn-down service Fontainebleau III Rental Management Program: ------------------------------------------------------ Fontainebleau III - Policies There will be no restrictions on your occupancy. You may use your unit whenever you’d like and for as long as you’d like, subject to availability. Your unit, however, is intended for transient residential occupancy and cannot be a homestead/permanent residence. You are eligible for the Hilton’s Rental Management Program, as long as you purchase your unit furnished in accordance with the approved furniture package, and provided you enter into a one-year, perpetually renewable agreement/contract with the Hilton, which can be cancelled with 60 days notification. You are not required to sign up for the Hilton’s Rental Management Program, if you elect not to rent, or wish to rent your unit through another broker or real estate management company. Hilton, the hotel operator, will set the daily room rental rate. As a point of reference, the current standard room rack rates at the Fontainebleau Hilton are $400/night for off-season and $600/night for prime season. For concierge-class suites, average rate is $600/night off-season and $1,000/night prime season. Rental rates at Fontainebleau III are expected to be higher. Children under 18 free when occupying same room. Fontainebleau III - Fees Monthly Maintenance Fee of approximately $.90/square foot per month includes: electric, water, basic cable, concierge services, valet parking [one car per unit], membership to the future new Health Spa, owners’ lounge access, and all grounds services and recreational amenities. You will be responsible for the upkeep costs of your unit, and the Hilton will coordinate that upkeep. Taxes are approximately 2% of the purchase price. Fontainebleau III - Revenue Splits Revenue from each unit will be distributed from the daily room rates as follows: 10% off the top toward fees and commissions; 50/50 split of the remaining balance between you and the hotel operator, with 3% of your portion set aside for reserves and replacements. ========================================================= Fontainebleau III - 3 Designed by famed architect Morris Lapidus, the Fontainebleau’s Chateau Tower was a cutting-edge architectural design when introduced in the 1950s and has become a world-renowned icon. The resort has seen every president since Eisenhower walk through its doors; hosted entertainers such as Frank Sinatra, Bob Hope and Elvis Presley; and served as the location for numerous films, including James Bond’s “Goldfinger” and “The Bodyguard” featuring Kevin Costner and Whitney Houston. Stephen Muss purchased the hotel in 1978 and has continued to build upon its status as a premier destination. In addition to the condominium-hotels, the Fontainebleau’s recent expansion includes new upscale dining and lounge options and an expanded indoor and outdoor children’s facility that includes a water theme park featuring a 260-foot twisting water slide and a sprawling 7,000 square foot octopus named Cookie that showers pool guests of all ages from its eight tentacles. Also included in the plans is a 21-foot high grand entryway overlooking the Fontainebleau’s tropical grounds and the Atlantic Ocean. “The concept we created for Fontainebleau II was an overwhelming success with buyers in South Florida and throughout the United States and Latin America,” Weiner said, “and we already are receiving a tremendous response from prospects and real estate agents who have caught wind of Fontainebleau III.”

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