Driftwood Hospitality Management Secures $46.5M Loan For Fort Lauderdale Hotel

The hotel located at 315 Northwest 1st Ave in Fort Lauderdale has been involved in a recent transaction. The property, with a size of 204,508 square feet and 218 keys, was the subject of a closed deal. The transaction took place on October 19, 2021, and the loan amount for the deal was $46,500,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $46,500,000
• Address: 315 Northwest 1st Ave
• Market: Fort Lauderdale
• Size: 204,508 square feet
• Keys: 218

The transaction was facilitated by the real estate firm Mission Capital Advisors, with brokers Jordan Ray, Lexington Henn, and Steven Buchwald representing the parties involved. Driftwood Hospitality Management served as the landlord in this deal.