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LAS VEGASFeb. 19, 2020 /PRNewswire/ — Lily Funds, through its affiliated company New World LLC, has announced the successful sale of a 5.25-acre property along Las Vegas’s “Resort Corridor.”

The sale of 5051 Las Vegas Blvd. for $21 million, to Shopoff Realty Investments and Contour Real Estate, closed Feb. 14. The buyers plan to develop a new 450-room hotel, to be branded and managed by the Dream Hotel Group. Both buyers are based in California.

“We are pleased to not only complete the successful sale of the property and excited about the activity we are seeing on our remaining 22 acres,” said Tom McManus, President and CEO of Lily Funds. “We are gratified when we can contribute, through a sale like this, to the further evolution of a dynamic real estate market such as Las Vegas.”

McManus, through his company Lily Funds, manages and has for sale an additional 22 acres of land just north of  5051 Las Vegas Blvd, across the street from Mandalay Bay Resort. The property is centrally located on the famed Las Vegas Boulevard, and sits in an Opportunity Zone less than a half mile from the site of the new Raiders football stadium and nearly adjacent to the iconic “Welcome to fabulous Las Vegas” sign.


About Lily Funds
Founded in 2013, Lily Funds LLC is a private investment company and multifamily office located in Fort Lauderdale, Florida. Lily Funds value-add and opportunistic investing across the United States and Caribbean, through affiliated companies’ it holds and manages numerous real estate holdings. President and CEO Tom McManus founded the company to integrate best practices developed throughout his career with a nimble structure possible only at a firm overseen directly by him.


About Dream Hotel Group
Dream Hotel Group is a hotel brand and management company with a rich, 30-year history of managing properties in some of the world’s most highly competitive hotel environments, including New YorkLos AngelesMiami, Bangkok and most recently Nashville. Home to its Dream Hotels, Time Hotels, The Chatwal, Unscripted Hotels and By Dream Hotel Group brands, Dream Hotel Group encompasses three business lines: Proprietary Brands, Hotel Management, and Dining & Nightlife. The company is committed to the philosophy that forward-thinking design, service and guest experiences should be available across all market segments. Dream Hotel Group is dedicated to offering travelers an authentic connection to their chosen destination through a truly original approach. For more information, please visit www.dreamhotelgroup.com and follow @dreamhotelgroup on Twitter.


For additional info visit www.lilyfunds.com or call at 954.621.7577


Contact:
Bruce Serbin
Serbin Media, Inc.
954-821-3434
bruce@serbinmedia.com

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Company

Economic Engine of Fort Lauderdale Beach

Among the myriad factors that comprise Broward’s multi-faceted economic picture, the Fort Lauderdale beach continues to be a lead economic driver. Though other industries have emerged and grown, for decades, the beach has been the heart of our tourism industry and evolved into the most prime real estate in the county.

Hear how it has contributed to upwards of 74,000 jobs in Broward County, $2.8 billion in annual income in Broward County, and $14.2 billion in annual economic impact in Broward County.


PANEL:

Stacy Ritter – President & CEO. Greater Fort Lauderdale Convention & Visitors Bureau (GFLCVB)

Tom McManus – President & CEO, Lily Funds

Chris Lagerbloom – City Manager, City of Fort Lauderdale



MODERATOR:
 Ina Lee, President, TravelHost of Greater Fort Lauderdale

MARCH BREAKFAST SPONSOR: Birch State Park

 

AT: Tower Club, 28th Floor, One Financial Plaza, 100 SE 3rd Avenue, Fort Lauderdale

WHEN: Thursday, 3/5/2020; doors open at 6:45 a.m.; program begins at 7:45 a.m.; concludes around 9:15 a.m.

COST: No cost for paid members of Tower Forum; non-members: $35 (note: no cost for working media); credit card online, or mail check, payable to Tower Forum, P.O. Box #15041, Plantation, FL 33318; free parking for attendees until 10:00 a.m. Buffet breakfast included.

We encourage participants to join Tower Forum. While we invite you to attend 2 breakfasts at $35 each, you must join Tower Forum to attend thereafter. Membership is from date of joining through 9 consecutively scheduled breakfasts.

In order for us to provide sufficient breakfast and seating, RSVP’s and advance payments are required and are non-refundable. Seating is limited.

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Company

FORT LAUDERDALE, Fla. – Crews were hard at work Tuesday morning loading more than 100 tons of relief supplies onto a yacht in Fort Lauderdale that will be delivered to Freeport on Wednesday.

 

The mission is part of yet another round of aid that will delivered to Freeport thanks to celebrity chef Jose Andres and his team of volunteers at World Central Kitchen.

The yacht named Global pulled up to the dock near Port Everglades just before 8 a.m.

The ship just made its return trip from the Bahamas, where a team of volunteers have spent the past week cooking up tens of thousands of hot meals for those who are still struggling to get by after Hurricane Dorian.

Crews on Tuesday will be spending the day loading more than 100 pallets of food on board, in addition to another 45 to 50 pallets of water, before leaving Tuesday evening.

“Today, mega yacht Global just returned from Freeport, Bahamas, where we unloaded a couple hundred thousand pounds of food. And now we’re going to load up and provision all that food once again, about 300,000 pounds of food,” Global manager Tom McManus said. 

“We’re feeding tens of thousands of people daily,” World Central Kitchen lead volunteer Tim Lambert said. “I don’t have an accurate count, but I can just tell you our kitchens are really cranking over there. People are in really hard need of food and we’re doing our best to feed.”

Fort Lauderdale firefighters assisted the group in loading supplies onto the ship Tuesday.

Local 10 News reporter Trent Kelly was told some members of the local police department will be out at the dock as well later Tuesday to lend a helping hand.

The group is hoping to have everything on board the ship by 6 p.m. or 7 p.m., so they can make it to Freeport by 9 a.m. Wednesday.

The group is prepared to continue their massive effort for the next several weeks or even months if necessary. 

 

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