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Commission to vote on revised Margaritaville agreement

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Will it be Cheeseburgers in Paradise on Hollywood beach?  It all depends on the outcome of the Hollywood City Commission's vote on a revised agreement with the developer this week.

The new agreement adds Starwood Capital to the project.  The private equity firm manages more than $22 billion in assets, including high end hotels around the world.

The deal would allow the $146-million project to go forward on five acres of city-owned land on Hollywood beach. 

The Margaritaville-themed resort would feature 349 hotel rooms, a public parking garage, restaurants, shops and a wave rider. 

Starwood Capital built Starwood Hotels into multi-billion dollar enterprise creating the W hotels and building the St. Regis brand.

The public meeting is set for Wednesday at 5:00 at Hollywood City Hall. 

If the Commission approves the deal, construction would begin this summer.

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