HFF arranges sale of two hotels in Fort Lauderdale, Fla.

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.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


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.

 

Suggested Articles

During a conference call hosted by advocacy organization Economic Innovation Group, industry leaders emphasized the need for immediate fiscal help.

The deal would have had NHT Operating Partnership acquire all of the outstanding equity interests of Condor via a merger valued at $318 million.

Many hotel owners will find themselves in the uncomfortable and unfamiliar position of deciding on a course of action for negotiating with their lende