555 NW 62nd St - Hospitality FOR SALE


Fort Lauderdale, FL 33309- Uptown Fort Lauderdale
$54,000,000 USD
305-790-5511
555 NW 62nd St, Fort Lauderdale, FL for Sale
$54,000,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

555 NW 62nd St
Fort Lauderdale, FL 33309
Uptown Fort Lauderdale


HIGHLIGHTS

  • 258 All-Suite Guest Rooms: 122 Doubles & 136 Kings
  • Renovations Approximately $10 Million Completed
  • Fabulous Eight Story Atrium
  • Full Commercial Kitchen & Catering License 500 Seats
  • Meeting and Event Space Approx. 14,500 SF

OVERVIEW

The Sheraton Suites Fort Lauderdale at Cypress Creek represents a compelling opportunity to acquire a recently renovated, full-service, Marriott-branded hotel positioned within one of South Florida’s most active business and transportation corridors. The Property consists of 258 all-suite guestrooms across eight floors and has benefited from approximately $10 million in capital improvements over the past three years, including a complete renovation of all guestrooms to current Sheraton Suites Marriott brand standards.

FOR SALE DETAILS

PRICE

$54,000,000 USD

PRICE/SF

$204 USD /SF

# OF ROOMS

258

PRICE/ROOM

$209,302 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheraton Suites Fort Lauderdale at Cypress

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

8

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

216

LAND DETAILS

LAND ACRES

4.83 AC

LAND SF

210,395 SF

ZONING

CC

APN/PARCEL ID

49-42-10-29-0220

ASK ABOUT THIS PROPERTY

Tony UlloaThe Keyes Company - Commercial Sales & LeasingMore Info
305-790-5511

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Tony UlloaThe Keyes Company - Commercial Sales & LeasingMore Info
305-790-5511

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.