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 Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

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

Gross operating profit per available room dropped to -$17.98 while total RevPAR dropped 92.9 percent to $17.39 for the month.

As businesses plan their back-to-work strategies, implementing a safe workplace is at the top of every executive’s mind.

The company is extending furloughs of above-property employees and anticipates a significant number of position eliminations later this year.