Rockpoint Capital Acquires Fort Lauderdale Hotel For $117M From Seller Carlyle Group & InSite Group

The hotel located at 1140 Seabreeze Boulevard in Fort Lauderdale has been sold in a recent transaction. The property spans across 6.1 acres and features various amenities.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $117,000,000
• Date: 10/18/2021
• Address: 1140 Seabreeze Boulevard
• Market: Fort Lauderdale
• Acres: 6.1

The buyer of the property is Rockpoint Capital, represented by Nate Abebe. On the other hand, the seller is The Carlyle Group and InSite Group. The transaction included the transfer of keys for 484 rooms at a price per key of $241,736.