Steven Ostad Procures Deal to Bring New Development, Jobs to Miami Area

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Real estate consultant Steven Ostad has procured a development deal for Swiss investors to bring new hotel to Miami area—a deal that will result in significant job creation.

For many Americans, outsourcing is a dirty word. It conjures the notion of American jobs being shipped overseas, where labor is cheaper and tax breaks more abundant. In some cases, however, things actually work the other way—and a recent development deal from Steven Ostad is a prime example of this. Real estate consultant Steven Ostad has procured a major development deal that will bring Swiss investors to Miami for a lavish new hotel construction—and in addition to the hotel itself, the deal will also bring significant job creation to the area.

Steven Ostad is a consultant whose deep knowledge of international real estate often leads him to procure foreign vacation properties for A-list celebrities and athletes. The developer says that deals like this one, in which he is able to import something of great value to the United States, are the ones that he likes the most. “This is an exciting deal because of what it will ultimately mean for the Miami community, and to the economy in general,” Ostad observes.

The deal in question is a partnership with David Romain, a prominent real estate investor in Switzerland. Romain owns a number of residential complexes and hotels in his native country and is zealous for bringing his business to the United States. He met with Steven Ostad in Miami in early May, and the consultant ultimately helped him secure land for developing his first hotel on American soil. The as-yet-unnamed hotel will open in the Miami area, and is slated to be the first of multiple Romain enterprises in the State of Florida. The hotel will feature nightlife, food, and retail opportunities.

Romain chose to partner with Ostad for the quality of his network, he says. “There are many real estate developers and consultants in the States, but few with access to the same resources as Mr. Ostad,” he confirms. “It was his ability to secure the development deal, as well as private financers, that attracted me to doing business with him.”

For Steven Ostad, meanwhile, the perks of the new deal are numerous, and they include the chance to bring Romain’s business to the United States. “Though he is well known in Europe as an honest and innovative entrepreneur, David is little-known on U.S. shores,” the consultant says. “We are both excited for the chance to change that.”

The biggest perk of all, however, is the chance to create new jobs in the Miami area. “The construction of the hotel will involved all-American crews, and we are even planning to enlist an American designer,” notes Ostad. “And after the hotel is built, there will obviously be plenty of work to be found in the facility itself. David is excited to be able to offer these jobs to local Miami men and women who need the work.”

Though the construction schedule has not been determined, Ostad says the plan is to start work as soon as possible. “This is a great investment for David Romain, but it’s also a tremendous boon to Miami,” says Ostad. “Everyone involved is excited for getting the ball rolling.”


Steven Ostad is a real estate consultant based in the New York area, but well-versed in real estate markets throughout the world. He specializes in helping individuals and corporations alike find foreign properties to meet their needs. His clients include large companies, professional athletes, and celebrities. Ostad has worked in real estate for more than a decade.

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Michael McGarety
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