HFF closes sale of Holiday Inn Express in Fort Lauderdale area

HFF has closed the sale of the Holiday Inn Express & Suites Fort Lauderdale, Fla., a 156-room hotel in Plantation. HFF marketed the property on behalf of the seller, Vista Hospitality Company. Waramaug LS Hotels was the buyer.

The hotel was renovated in 2011 and has 3,600 square feet of meeting space and amenities including an outdoor pool, fitness center and business center.

The HFF investment sales team representing the seller was led by associate director Michael Weinberg along with director Max Comess and associate director Paul Hsu.

“We are seeing strong demand throughout Florida and the rest of the country for high-quality limited- and select-service assets with top brands,” said Weinberg.

In 2013, HFF’s Hotel Group financed or sold 77 hotels and resorts, which included many select-service hotels, with sale prices and loan proceeds ranging from $5 million to more than $500 million.


Suggested Articles

The company intends to raise $100 million from investors to source mezzanine loan and preferred equity transactions in the hospitality sector.

With the transfer of 103 management and branding contracts, Sonesta's portfolio has more than doubled.

Airbnb has confidentially filed with the Securities & Exchange Commission to go public, with the number of shares and price range yet to be revealed.