HFF announced today that is has closed the sale of two full-service hotels in Fort Lauderdale, Florida, The Sheraton Fort Lauderdale Airport, and the DoubleTree Sunrise at Sawgrass Mills.
The HFF Hotel Group team including Daniel C. Peek, Max Comess, Cyrus Vazifdar and Alexandra Lalos in the firm's Miami and Tampa offices arranged the sales.
The Sheraton Fort Lauderdale Airport is a 250-room full-service hotel located at the corner of Interstate 95 and Griffin Road, on the southwest corner of the Fort Lauderdale/Hollywood International Airport. HFF represented the seller, HEI Hotels & Resorts, in the transaction. Cohen Brothers Realty, the owner of the adjacent Design Center of the Americas, purchased the property.
The DoubleTree Sunrise at Sawgrass Mills is a 250-room full-service hotel, located at the southern entrance to Sawgrass Mills. HFF represented the seller, Long Wharf Real Estate Partners, in the transaction. The property, previously a Crowne Plaza, had recently undergone major renovations following its conversion to Hilton's DoubleTree brand.
The two sales are the latest in a string of recently-closed South Florida hotel transactions orchestrated by HFF. Last month, the team announced the sale of the historic Raleigh Hotel in South Beach to Tommy Hilfiger's newly-formed hospitality company, The Raleigh Group. HFF has also closed the sale of the Holiday Inn Express in Plantation this year, and previously handled the sales of the Ritz-Carlton Fort Lauderdale and the Marriott Harbor Beach ground lease, both on Fort Lauderdale Beach.