DiamondRock Hospitality Company entered into a purchase and sale agreement to acquire the Westin Beach Resort & Spa, Fort Lauderdale, Fla., for a purchase price of $149 million (or $345,000 per guestroom). The transaction is expected to close December 2014.
The hotel has 432 guestrooms, 32,000 square feet of meeting space and a modern spa. During 2009, the property underwent an $86 million redevelopment project involving all areas of the hotel including the new construction of the Westin Conference Center building. The pool and deck were also redesigned as part of the redevelopment to add a new sushi bar and poolside private cabanas.