• 28 Dec

    Posted at 12:22h in Hospitality by
    As the son of a real estate developer, NDM Hospitality CEO Nick Falcone always knew he wanted to work in the field himself, but he wanted to do it his way. “I grew up around real estate and hardworking people,” the South Florida native says. “I always had ambitions to start my own company.” After graduating from Florida State University in 2010 and gaining experience at a food and beverage firm, he did just that. Nick Falcone, along with his brothers, Daniel and Matthew, launched NDM Hospitality as a holding company in 2011. Its first ownership venture was the burger-and-brew concept BurgerFi, which quickly proved to be a lucrative investment. Starting with one franchise, NDM now owns seven, with three more slated to open over the next year. Fired up by this early win, Falcone began searching for the next big idea. It came during a conversation with his father about his latest project in Orlando. “The single-family homes my dad developed would typically be sold to people who wanted to live in them,” he explains. “This was the first time in his career where 99% of the buyers just wanted to rent them out and make a return.” Falcone sensed opportunity in the shifting market. “The vacation home industry is controlled mainly by small rental companies with a couple big distribution platforms like Airbnb and Vrbo,” he explains. “We could be the first brand dedicated to homes but mixing them with resort experiences and making a more mainstream product—something institutional capital could invest in.” Falcone envisioned a company that could offer full properties of vacation homes rented as a commercial resort through a centralized system, all while adhering to one guiding principle. “We use the term ‘controlling the content’ of real estate,” he says, referring to the benefits of having control of what goes inside a property and how it’s positioned. “Developers are building these great places and want to make sure they’re operated properly to increase the value.” The result, launched in 2015, was Rentyl Resorts, now NDM’s biggest and fastest-growing business. An asset-light company, Rentyl doesn’t own anything on its balance sheet. Instead, it works with owners and developers to offer turnkey services to convert existing properties into residential resorts or build new properties, then operate them with a suite of resort-style amenities. Controlling the content, in other words.

    28 Dec

    Posted at 10:48h in Web Extras by

    A rebranded epicurean extravaganza promises a week of kitchen demonstrations and gourmet bites from some of Broward County’s most inspired chefs. That’s just part of the allure at the Visit Lauderdale Food & Wine Festival, which is slated for Jan. 9-15 at various locations. Co-founders...

    27 Dec

    Posted at 12:07h in Banking/Financial Services/Insurance by

      [caption id="attachment_95207" align="alignleft" width="300"] NuVerse Chairman Elias Saal[/caption] NuVerse Advisors LLC signed a long-term lease to occupy the 20th floor of the Optima Onyx Tower at 1010 S. Federal Hwy. in Hallandale Beach to serve as its global headquarters. The investment firm first entered the Florida Market...

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