News
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2007-6-12: Belfonti Partners Hires Michael Robinson
Michael Belfonti of Belfonti Capital Partners, LLC announced today the recent hiring of Michael Robinson as an Associate at the company. Mr. Robinson will work in the area of Business Development, locating and analyzing new opportunities.
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2006-12-24: Raising the Flag for the First Time: Aruba Officially Welcomes the Aruba Resort
Wednesday afternoon the official raising of the Westin flag over what was previously known for years as the Wyndham Aruba Resort, Spa and Casino took place.
Read full story >>> - 2006-9-22: Hyatt Plans New Hotel for 5th Ave.
The Bryant Park fashion scene was somewhat revived yesterday when 485 Fifth Ave. was contracted to Global Hyatt Corporation for $136 million...
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2006-8-1: Designer Apartments Bring Fashion Home
Designer hotels are old news, Karl Lagerfeld, Todd Oldham, Vera Wang, Betsey Johnson and Heatherette are just a few of the folks who have designed hotel interiors...
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2006-7-17: Equity Players Heat Up Hotel JV Market
Equity providers pursuing opportunistic returns in the hotel sector tout the ability to close deals without institutional money dictating the exit strategy...
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2006-6-22: 485 Fifth Ave. Lease Highlights Retail Shift
The lease size may not be large, but Starbucks' 1,800-sf deal at 485 Fifth Ave. is notable in what it represents--a shift down Fifth Avenue by retailers. It is also the first retail lease signed for the property since Belfonti Capital Partners acquired the property.
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2006-6-12: Luxury Award-Winning Resort in the Caribbean to Become
the Westin Aruba Resort & Spa
Starwood Hotels & Resorts Worldwide, Inc. and Belfonti Capital Partners announce an agreement to re-flag Belfonti's newly-acquired 478-room Aruba Resort Spa & Casino as The Westin Aruba Resort & Spa.
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2006-6: 485 Fifth Avenue, New York: Ground Floor – The Inside Track on the Latest Developments
A Stone's throw from Barney's, Bergdorf's and the fashion shows held in Bryant Park, 485 Fifth Avenue promises to be the missing link for those who wish to literally surround themselves with fashion.
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2006-5-9: Belfonti Capital Partners, LLC Acquires Former Wyndham Resort, Spa & Casino on Island of Aruba in $230 Million Transaction
Belfonti Capital Partners, LLC today announced the acquisition of the Aruba Resort, Spa & Casino, formerly known as the Wyndham Resort, a 478-key luxury resort located in Palm Beach, Aruba in an off-market transaction valued at $230 million. Acquisition and renovation financing was provided by Wachovia Bank.
Read full story >>> - 2006-3-14: Belfonti Capital Partners, LLC to develop 104-units at 485 Fifth Ave. for $170 million
Fashion designer Peter Som has joined forces with international real estate investor and developer Belfonti Capital Partners, LLC to create the ultimate experience of luxurious living at 485 Fifth Avenue.
Read full story >>> - 2006-2-10: Belfonti Capital Partners, LLC Hosts Party During New York City Fashion Week to Showcase Its Model Residences at 485 Fifth Avenue
Belfonti Capital Partners, LLC and designer Peter Som shook things up with the unveiling of the first luxury residences to combine both architectural sophistication and innovation with world class fashion.
Read full story >>> - 2006-2-2: NYT House & Home Cover Story: Nests Imperial or Fashionably Feathered
Belfonti Capital Partners, LLC turns to the seductive power of luxury fashion branding to promote 485 Fifth Avenue, a 104-unit condo conversion near Bryant Park.
Read full story >>> - 2005-11-30: Unveiling 485 Fifth Avenue, The Lofts at Bryant Park: A Stylish Collection of Residences by Peter Som
Fashion designer Peter Som has joined forces with venture capital firm, Belfonti Capital Partners, LLC, to create the ultimate experience of luxurious living at 485 Fifth Avenue.
Read full story >>> - 2005-9-28: Hochfelder Teams With Belfonti in Opportunistic Venture
The former co-founder of Max Capital Management - which is now known as Monday Properties - has partnered with Michael Belfonti, a 25-year veteran of the industry, to pursue opportunistic investments throughout the country.
Read full story >>> - 2005-9-27: JV Plans $160M Fifth Avenue Condo
Locally based Belfonti Capital Partners, LLC picked up a Midtown asset and intends to invest a total of $160 million to convert the office site into condominiums.
Read full story >>> - 2005-9-27: 485 Fifth Avenue to be Converted to Residential Condominiums
The former Rogers, Peet building at 485 Fifth Avenue on the northeast corner at 41st Street directly across from the entrance to the New York Public Library has been acquired by Belfonti Capital Partners, LLC and the Carlyle Group from Tri-Realty Management Corporation for a price reported to be about $88 million.
Read full story >>> - 2005-9-26: 485 Fifth Avenue to be Converted to Luxury Lofts
Once housed by Tommy Hilfiger's headquarters, 485 Fifth Avenue will be converted to luxury loft condos overlooking Bryant Park.
Read full story >>> - 2005-9-26: Midtown Manhattan Redevelopment Calls for Condos Facing Library Lions
Belfonti Capital Partners LLC, the New York City unit of Belfonti Associates, LLC, today announced that it has acquired a 185,000-square-foot Midtown Manhattan office building to convert to condominiums for $88 million.
Read full story >>> - 2005-3-9: New Belfonti Subsidiary Enters NYC Arena: Belfonti Capital Partners, LLC Signs Lease at Former Deutsche Bank Headquarters
Michael Belfonti, President and CEO of Belfonti Associates, LLC, announced that his group has created a subsidiary, Belfonti Capital Partners, LLC, which will be based in New York City.
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