Our History




In 1995, Ebbie K. Nakhjavani founded Terafirma Development group with a focus on retail and commercial development. Terafirma became EKN Development in 2012 when we shifted our focus to the booming hospitality sector. We designed a systematic real estate development process that decreases exposure to risk while maximizing returns on investment.

In 2020, EKN successfully opened 4 hotels and secured over $700 million in debt: a feat unheard of during the global pandemic. Today, we’ve expanded our asset class to include condo and family essential resorts to leverage the growth toward resort driven experiences.

EKN currently has over 1,900 keys under active development comprised of over $60 million developed and operating, over $100 million currently under construction, and over $400 million in mid-late phases of development.


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