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$81M Nora Hotel Debuts in West Palm Beach
The Nora Hotel has opened its doors to guests in West Palm Beach’s Nora District. BD Hotels, along with a group led by Sean MacPherson, is behind the hotel’s concept. The South Florida Business Journal reports that NDT Development, Place Projects and Wheelock Street Capital developed the property, which has an estimated development value of $81.7 million. BD Hotels also secured a $75 million construction loan from Metropolitan Commercial Bank in 2024, with financing arranged by JLL.
It includes several restaurant concepts, a rooftop pool and a spa to the mixed-use development.
The Gachot-designed hotel will feature 201 guest rooms, including one-bedroom suites, an executive suite and accessible accommodations. Nightly rates start at $395.
Its first phase was planned to include more than 150,000 square feet of retail space and 55,000 square feet of second-floor Class A creative office space,. Additional phases are expected to introduce multifamily residences and more commercial space.
- ◦Development
