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BD Hotels Secures $75 Million Loan to Expand with First Property in Florida

After securing a $75 million construction loan, BD Hotels—a prominent New York-based hotel operator—is set to launch its first project outside New York in West Palm Beach, Florida. According to a report from the South Florida Business Journal, the new hotel, called Nora Hotel, will be located in the NORA (North Railroad Avenue) district, a roughly 15-acre development featuring various restaurants, entertainment venues, and other amenities.BD Hotels - Independent in New York, Book room night ₹18380

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The Nora Hotel project is expected to bring fresh energy to the NORA district, with a five-story hotel and 201 luxury rooms. Additionally, the ground floor will host a 13,300-square-foot restaurant that will feature well-known culinary brands, adding to the area’s appeal.

Brasserie Pastis – Parisian Charm in the Heart of West Palm Beach

One highlight of Nora Hotel is Pastis, a sophisticated Parisian-style brasserie that will operate on the hotel’s ground floor. Pastis is already a celebrated brand in New York, and in West Palm Beach, it will bring a refined European dining experience to the local scene.

The mastermind behind Pastis is Stephen Starr, a renowned restaurateur with an impressive portfolio across the U.S. With Starr’s involvement, Pastis at Nora Hotel is expected to become a premier destination in NORA, especially for those who enjoy French cuisine. Starr will also offer in-room dining services for guests, enhancing the luxury experience.BD Hotels Lands $75M for South Florida Hotel, Its First Outside NY –  Commercial Observer

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Luxurious Rooftop Space with Unique Restaurant and Lounge

In addition to Pastis on the ground floor, Nora Hotel will feature a restaurant and lounge on the rooftop, creating a unique space for guests and locals to relax and take in the atmosphere. Here, guests will enjoy fine dining with panoramic views of West Palm Beach and the bustling NORA district. Stephen Starr will also oversee this space, bringing his culinary expertise to craft a memorable dining and entertainment experience. The rooftop lounge will be a prime spot for social gatherings, evening events, or special occasions.

Elevating NORA’s Appeal and ValueBD Hotels files plan for hotel in Nora District of West Palm Beach - South  Florida Business Journal

The NORA district in West Palm Beach is currently under development with a vision of becoming a mixed-use urban hub combining entertainment, dining, and retail. The Nora Hotel project will play a vital role in enhancing the appeal of this area, attracting visitors and creating numerous jobs for the local community. More than just a hotel, Nora Hotel will add value by becoming a prime destination for those who appreciate a modern urban lifestyle with a touch of culture.

With its unique design and top-notch services, Nora Hotel promises not only to meet the demands of travelers but also to become a familiar stop for local residents.Nora District: New York hoteliers will open hotel in WPB

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BD Hotels Expands Its Market, Laying Groundwork in Florida

BD Hotels is already a well-known name in New York, where it has developed multiple standout projects, and its expansion into Florida represents a strategic step for the company. With the $75 million construction loan, Nora Hotel will be BD Hotels’ first property in Florida, marking an important milestone in its growth journey. The presence of Nora Hotel in West Palm Beach reflects a new trend among major hotel chains to seek opportunities outside traditional cities like New York or Los Angeles, tapping into emerging cities like West Palm Beach.

It’s reported that the construction of Nora Hotel is set to proceed promptly, with plans to bring the hotel into operation as soon as possible. This is a positive sign for the local real estate market and a significant opportunity for BD Hotels to establish a strong presence in a promising new location.Real-Estate Daughters in the Wings - WSJ

Expectations for Nora Hotel’s Success in Florida’s Market

Nora Hotel isn’t just another hotel; it’s a collaboration between BD Hotels and big names in the culinary and service industries. From Stephen Starr’s Pastis to the luxury rooftop area, every aspect of the hotel is designed to create a perfect space for a diverse clientele, from tourists to local residents. This marks the beginning of BD Hotels’ expansion beyond New York, and if successful, Nora Hotel could pave the way for more projects in Florida or other cities.

With its upscale amenities and unique features, Nora Hotel is set to be a prominent highlight for the NORA district and the city of West Palm Beach, contributing to local tourism and commercial development.

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