Fontainebleau Development
Corporate brand
UnclaimedFontainebleau Development is a United States resort and hotel development company associated with the Fontainebleau properties in Miami Beach and Las Vegas.
Last updated August 31, 2026
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Overview
Fontainebleau Development is a privately held United States resort and hotel development company established in Florida in 2005 by Turnberry Associates and the Plant family. The company was formed after the two real-estate interests acquired the Fontainebleau Hotel in Miami Beach, linking a historic Miami Beach hospitality property with a broader strategy of developing large-scale resort, casino, hotel, condominium, convention, and entertainment projects. The two founding ownership groups each hold a 50% stake. The company is headquartered in Enterprise, Nevada, and its principal development identity is built around the Fontainebleau name. Its best-known properties are Fontainebleau Miami Beach and Fontainebleau Las Vegas. These projects reflect a business model centered on integrated destination resorts rather than conventional limited-service hotels: the developments combine accommodations with gaming where applicable, residential or condominium components, meeting and convention facilities, dining, entertainment, and other visitor amenities. Fontainebleau Development’s leadership has included Jeffrey Soffer, principal of Turnberry, and Brett Plant, owner of PLANTworldwide. Glenn Schaeffer, formerly president of Mandalay Resort Group, also played a prominent early role in the company and was involved in arranging more than $3 billion in loans for the Las Vegas project. He left Fontainebleau Resorts in May 2009 without a public explanation reported in the cited reference material. The company’s expansion plans have included major resort and condominium development in Miami Beach and Las Vegas. In 2007, Publishing & Broadcasting Limited agreed to acquire a 19% interest in Fontainebleau Resorts for $250 million. The company’s leadership also discussed a possible public offering as a way to support multibillion-dollar development plans, although the available reference material does not establish that such an offering occurred. Fontainebleau Miami Beach remains an important part of the company’s operating portfolio. Its Coastal Convention Center opened on December 11, 2024, adding convention capacity to the resort. In early 2025, Fontainebleau Las Vegas reached a labor agreement with Culinary Workers Union Local 226 and Bartenders Union Local 165. The agreement covered approximately 3,300 employees and addressed job security and standardized wages. These developments show the company’s continuing involvement in both resort expansion and large-scale hospitality operations. Fontainebleau Development should be distinguished from unrelated businesses using the Fontainebleau name. In the context of the specified Wikipedia subject, it refers to the resort-hotel development enterprise created by Turnberry Associates and the Plant family, not to a general hotel chain or to unrelated Fontainebleau-branded entities.
History
Fontainebleau Development was created in 2005 by Turnberry Associates and the Plant family, two South Florida real-estate interests. Its formation followed their purchase of the Fontainebleau Hotel in Miami Beach. The transaction gave the new enterprise a recognizable hospitality identity and the foundation for a broader resort-development platform. The two ownership groups each retained a 50% interest in the company. From its beginning, Fontainebleau Development pursued large, integrated hospitality projects rather than a dispersed portfolio of ordinary hotels. Its plans encompassed destination resorts, hotel accommodations, condominium development, gaming-related facilities, entertainment, and convention infrastructure. Miami Beach and Las Vegas became the company’s principal markets and the locations of its identified flagship properties: Fontainebleau Miami Beach and Fontainebleau Las Vegas. The company’s early leadership included Jeffrey Soffer, a Turnberry principal, and Brett Plant, owner of PLANTworldwide. Glenn Schaeffer, who had previously served as president of Mandalay Resort Group, was also a leading executive during the development period. Schaeffer was particularly associated with the financing of the Las Vegas project and helped secure more than $3 billion in loans. He left Fontainebleau Resorts in May 2009; the reference material does not state why he departed. Fontainebleau’s growth plans attracted outside investment. On April 17, 2007, Publishing & Broadcasting Limited announced an agreement to purchase a 19% interest in Fontainebleau Resorts for $250 million. Company leadership also discussed the possibility of taking Fontainebleau public to raise capital for multibillion-dollar development plans. The available source does not confirm that a public listing followed, so the enterprise is treated here as privately held. The company continued to develop its resort presence in Miami Beach and Las Vegas. Fontainebleau Miami Beach expanded its meeting and convention infrastructure with the Coastal Convention Center, which opened on December 11, 2024. The addition reinforced the property’s role as a full-service destination capable of serving leisure, group, and business travel demand. Fontainebleau Las Vegas also became a significant operating property within the portfolio. In early 2025, the resort finalized a labor agreement with Culinary Workers Union Local 226 and Bartenders Union Local 165. The agreement covered about 3,300 employees and included job-security and standardized-wage provisions, marking an important labor-relations development for the Las Vegas operation. The company is based in Enterprise, Nevada, while its historical roots and continuing property presence extend to South Florida. Its portfolio is organized around the Fontainebleau resort identity, but the available material describes Fontainebleau Development primarily as a development and resort enterprise rather than as a conventional franchised hotel chain.
- 2025
Las Vegas labor agreement was finalized
[1]Fontainebleau Las Vegas reached a labor agreement with two hospitality unions covering approximately 3,300 employees.
- 2024
Coastal Convention Center opened at Fontainebleau Miami Beach
[1]Fontainebleau Miami Beach opened its new Coastal Convention Center on December 11.
- 2009
Glenn Schaeffer departed
[1]Glenn Schaeffer left Fontainebleau Resorts after helping arrange more than $3 billion in financing for the Las Vegas project.
- 2007
Publishing & Broadcasting announced a 19% investment
[1]Publishing & Broadcasting Limited agreed to acquire a 19% interest in Fontainebleau Resorts for $250 million.
- 2005
Fontainebleau Development was established
[1]Turnberry Associates and the Plant family formed the company after acquiring the Fontainebleau Hotel in Miami Beach.
Products and positioning
A privately held developer and operator of large-scale, integrated luxury resort and hospitality destinations combining hotels with convention, entertainment, gaming, and residential components.
Resort hotel
Fontainebleau Miami Beach
Fontainebleau Miami Beach is the property that provided the foundation for Fontainebleau Development after its acquisition by Turnberry Associates and the Plant family. It represents the company’s South Florida resort platform and combines hotel hospitality with destination amenities. Its Coastal Convention Center, opened in December 2024, expanded the property’s capacity for meetings, conventions, and group business.
Integrated resort
Fontainebleau Las Vegas
Fontainebleau Las Vegas is the company’s major Nevada destination-resort project. It is part of Fontainebleau Development’s strategy of combining hospitality and large-scale resort functions in a single destination. The project required more than $3 billion in financing arranged during Glenn Schaeffer’s tenure, and its operating workforce was covered by a labor agreement finalized in early 2025.
Brand decisions
2025
Finalized a Las Vegas labor agreementOtherBackground
Fontainebleau Las Vegas negotiated with Culinary Workers Union Local 226 and Bartenders Union Local 165.
Action taken
The resort finalized an agreement covering approximately 3,300 employees, including provisions related to job security and standardized wages.
Aftermath
The agreement established labor terms for a substantial portion of the Las Vegas workforce.
2024
Opened the Coastal Convention CenterProduct launchBackground
Fontainebleau Miami Beach expanded its facilities for business events and group hospitality.
Action taken
The resort opened its Coastal Convention Center on December 11, 2024.
Aftermath
The property gained additional convention and meeting capacity.
2007
Accepted an announced minority investment by Publishing & BroadcastingM&ABackground
Fontainebleau Resorts sought capital in the context of large-scale, multibillion-dollar resort-development plans.
Action taken
Publishing & Broadcasting Limited announced an agreement to acquire a 19% interest in Fontainebleau Resorts for $250 million.
Aftermath
The agreement represented outside minority investment in the resort business; the available material does not describe subsequent ownership changes.
Announced transaction value. $250 million (2007)
2005
Created a resort-development platform around the Fontainebleau nameStrategyBackground
Turnberry Associates and the Plant family acquired the Fontainebleau Hotel in Miami Beach and formed a company intended to pursue broader resort and condominium development.
Action taken
The two ownership groups established Fontainebleau Development and pursued projects in Miami Beach and Las Vegas.
Aftermath
The company developed a portfolio centered on Fontainebleau Miami Beach and Fontainebleau Las Vegas.
- Considered a public offering to fund developmentStrategy
Background
Management discussed the need to raise capital for multibillion-dollar development plans in Miami Beach and Las Vegas.
Action taken
Glenn Schaeffer suggested that Fontainebleau could go public to raise funds.
Aftermath
The cited material does not establish that a public offering took place.
Recent events
Sources2 sources
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