Sheraton Suites Fort Lauderdale West

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for ownership, is pleased to present the opportunity to acquire the fee-simple interest in the 265-room Sheraton Suites Fort Lauderdale West (the “Hotel” or “Property”). The Sheraton Suites is a centrally located all-suite hotel in the burgeoning city of Plantation, Florida, standing prominently on University Drive among the high-end shopping and dining of the newly conceived Plantation Walk neighborhood. This exciting investment opportunity couples efficient in-place cash flow with the hotel’s strong positioning to continue outperforming its competitors and capitalizing on the market’s strong growth trajectory.

The Hotel’s strategic location, ample meeting space, and spacious all-suite inventory are all supported by the power of its strong brand affiliation and world-leading Marriott distribution. Recent renovations of the Property and focus on active asset management has translated into top-line growth and remarkably efficient operating margins. Available unencumbered by management, the Sheraton Suites Fort Lauderdale West provides investors with the ability to capitalize on its existing strengths, implement targeted value-add initiatives, and benefit from the continued growth of the South Florida market.

Value enhancement opportunities abound for the next owner as well, most notably through a strategic outlay of capital to guestrooms and corridors associated with a forthcoming change-of-ownership PIP, helping to drive ADR growth and a further optimized business mix. Underutilized common areas and neighboring retail space also provide the opportunity to add substantial banquets business and ancillary revenue streams, complementing the strong in-place cash flow to create a highly compelling investment profile.