B s first property, the B Ocean Fort Lauderdale, opened January 2011 and has performed above expecta

B s first property, the B Ocean Fort Lauderdale, opened January 2011 and has performed above expectations, he said. It exceeded the occupancy and revenue generation that we had projected in its initial kick off. We re very pleased with the performance, and it continues to gain momentum.
So happy were owners InSite Group with the brand s performance that they signed on for another project in South Beach that will launch in the fourth quarter of 2012. The property, tentatively titled the B South Beach, will be a conversion of the former Continental los banos california motels Oceanfront South Beach Hotel, which InSite and Cube Capital los banos california motels acquired earlier this year for US$61 million.
Beyond that, B s management los banos california motels team has three other deals in the works, although the number changes los banos california motels every day, Tompkins said. Despite los banos california motels a wealth los banos california motels of interest from ownership groups, real-estate investment trusts, hedge funds, asset managers and third-party management companies, getting projects off the ground is a challenge because of a still-tight lending scene and skittish investors.
Expansion will be fueled through conversions. B s flexible mod design concept accounts for variances in hotel layout and regional influences, los banos california motels making it an adaptable player in the world of conversions, Tompkins said.
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