Gemstone Hotels & Resorts, a full-service hotel management company that specializes in owning and operating luxury and upscale urban hotels and resorts, today announced the opening of the European-style Beachwalk Resort on the intercoastal waterway in Hallandale, Fla. The $150 million, 33-story resort is the latest project by The Related Group of Miami, Fla., the leading developer of luxury condominiums and multi-family residences, and comprises 300 units, 216 of which are divisible two-bedroom suites. It is the first of three Broward County projects currently under development by The Related Group that Gemstone will operate.

"By partnering with Gemstone on these projects, we are able to successfully expand our focus to include luxury hospitality services in our residential projects."

"Gemstone has an impeccable track record of maximizing and managing complex resorts in top vacation destinations throughout the U.S.," said Jorge Pérez, CEO of The Related Group. "By partnering with Gemstone on these projects, we are able to successfully expand our focus to include luxury hospitality services in our residential projects."

"The Beachwalk Resort is in the heart of everything visitors want from a South Florida vacation," said Jeff McIntyre, principal of Gemstone. "An amenity-rich resort with this combination of location, high-style and casual vibe is certain to resonate with both domestic and international vactioners who travel here for world-class shopping, beautiful weather, sandy beaches, racetracks, gaming and more."

Beachwalk bears many of the design hallmarks of The Related Group's residential projects, including interiors designed by Pininfarina using soft earthy palettes of white and brown and featuring contemporary Italian furnishings. The international design group is known for its work with brands such as Ferrari, Alfa Romeo and BMW. The hotel features original works of art from the personal collection of Jorge Pérez, patron of the Pérez Art Museum Miami.

The resort owners and guests enjoy a stunning, three-story beach club with pool, lockers, showers, restrooms, an outdoor bar and restaurant with chaise service and beach facilities, all accessible by a complimentary, electric trolley. The resort's restaurants include Beachwalk Bistro & Market, serving breakfast, lunch and dinner daily, as well as grab-and-go items, and the Beachwalk Bar and Pool Grill. An infinity edged pool, contemporary fitness center, complimentary bicycles for city touring, grocery shopping services and a complimentary shuttle service to the Hollywood Broadwalk, Gulfstream Park Racing & Casino and Aventura Mall are highlights of the amenity rich offerings.

"Because of their deep understanding of the luxury residential market, The Related Group has developed a vacation resort that speaks to the needs and desires of the modern family," noted Thomas Prins, principal of Gemstone. "With two more similarly positioned resorts coming on line in 2016 and in 2018, I expect that we will dramatically shift the mix of vacation options in this part of South Florida, and perhaps even define a new standard."

Located at 2602 E. Hallandale Beach Blvd., the Beachwalk Resort is centrally located to numerous white-sand beaches, Hollywood Broadwalk, Mardi Gras and Gulfstream Park Racinos, Aventura Mall, Sawgrass Outlet Mall and Ft. Lauderdale's famous nightlife. For additional information, please go to www.Beachwalkresortfl.com.

About The Related Group

Established in 1979, The Related Group is Florida's leading developer of sophisticated metropolitan living and one of the country's largest real estate conglomerates. Its innovative residential developments, that reach cross-market sectors, have dramatically altered South Florida's urban landscape. Since its inception, the privately held company has built, rehabilitated and managed more than 90,000 condominium and apartment residences. The Related Group has earned international status for its visionary designs and development of luxury condominiums, market-rate rentals, mixed-use centers and affordable properties – often in emerging neighborhoods that impact the lives of all demographics. The firm is one of the largest Hispanic-owned businesses in the United States with a development portfolio of projects in excess of $15 Billion. The Related Group has redefined the new cycle of real estate by diversifying both its products and buyers, expanding internationally with projects in Mexico, India and Brazil, while sponsoring public art installations that enhance the city's global culture and streetscapes. TIME Magazine named Founder, Chairman and CEO of The Related Group, Jorge Pérez, one of top 25 most influential Hispanics in the United States, and he's made the cover of Forbes twice. Currently, The Related Group has over 50 projects in varying phases of development, led by Chief Operating Officer, Matt Allen, and five division presidents, including Carlos Rosso, President of Related Condominium; Steve Patterson, President of Related Development; Albert Milo, President of Related Urban Development; Lissette Calderon, President of International & Strategic Projects; and Larry Lennon, President of TRG Management. http://www.relatedgroup.com/

About Gemstone Hotels & Resorts, LLC

Headquartered in Park City, Utah, with offices in Stamford, Connecticut, Gemstone is a full-service management company that specializes in luxury and upscale hotels and complex resorts. For more information about Gemstone, go to www.gemstoneresorts.com.