Founded 41 years ago in Minneapolis, Bruce M. Goldstein & Associates Inc. (BMGA) began life as a commercial brokerage specializing in apartment buildings, offie buildings and hotels. In 1982 their first large-scale development project broke ground in what is today The Embassy Suites Hotel at the Tucson, Arizona International Airport. From the early 80's until today the company has developed 17 properties in 8 states encompassing hotels, resorts, retail, vacation ownership and senior housing. During that time BMGA built the very first Embassy Suites Hotel that was not a conversion from another brand as well as converting the first Embassy Suites oceanfront resort into vacation ownership, developed three market-rate congregate-care senior campuses from Denver to St. Paul and MEI, a luxury high-rise on the sand in Miami Beach.
The Company has always focused on geographically-driven joint venture opportunities - in other words, the unique and significant economic opportunity outweighed the specific location; hence, projects from California to Florida. An example would be the 50/50 joint venture with Hyatt Corporation on a vacation ownership Hyatt Resort with high-end retail adjacent to it in the red rock country of Sedona, Arizona as well as the art-deco Sagamore Hotel on the most coveted block in South Beach (Ritz Carlton, Delano, National and Sagamore). BGMA also has also partnered with Property Markets Group (PMG) out of New York on several developments.
In 2010 the Company turned it’s sites to Asia and embarked on a joint venture with Jaya Ibrahim, the world-renowned interior designed of The Setai on Miami Beach as well as many of the Aman Resorts around the world. Together they formed Jaya International Design that became one of the world’s leaders of interior design of ultra high-end hospitality and residential projects worldwide.
Most recently BMGA added a Construction Division to serve clients with general contracting services for our friends looking to build quality developments on time and on budget (see “General Contracting/Construction” Page.)