Washington, D.C. firm purchases Marriott Cape Canaveral

Colliers International closed the sale of the Residence Inn by Marriott Cape Canaveral on behalf of A1A Acquisition Group and Ocean Partners, the hotel’s developer and owner/operator, to Capstone Development of Washington, D.C. Capstone and their institutional partners acquire high-quality lodging assets in top markets such as the Space Coast. Crescent Hotels and Resorts have been engaged by Capstone to handle day-to-day management.  

Rich Lillis, EVP and Kent Schwarz, EVP, led the Colliers hotel team on the transaction.   

The Residence Inn was developed in 2006 along A1A near Port Canaveral in Brevard County.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.