Thayer Lodging Group, a subsidiary of Brookfield Asset Management, paid $170.6m for the Hilton Fort Lauderdale Marina. Featuring 589 guestrooms and a 33-slip marina, the 9-acre Intracoastal Waterway property is the third largest hotel in Broward County. The asset traded for just over $290,320 per room key. The property is within close proximity to the Greater Fort Lauderdale/Broward County Convention Center, Port Everglades and the Fort Lauderdale-Hollywood International Airport. CBRE represented the seller, The Blackstone Group.
“The Hilton Marina is a strategic property in an area with extremely high barriers to entry. We encountered a great amount of interest from the investor community and had multiple rounds of competitive bidding,” said Christian Charre, senior vice president at CBRE Hotels. “We are highly pleased with the outcome of this transaction.”
