Key International And Wexford Real Estate Investors Acquire Pompano Beach Hotel For $54M

The sale of a hotel located at 1200 North Ocean Boulevard in Pompano Beach has been finalized. The property, situated in a prime location on Ocean Boulevard, was sold for a total price of $54,000,000.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $54,000,000
• Address: 1200 North Ocean Boulevard, Pompano Beach
• Market: Pompano Beach

The buyer of the hotel is Key International, represented by Inigo Ardid, Diego Ardid, and Wexford Real Estate Investors represented by Joseph Jacobs. On the other hand, the seller is Pan Am Equities and Big Move Properties, represented by Doug Levine.

The transaction was facilitated by Apex Capital Realty. Miguel Pinto, Garrick Benabe, and Ovy Anghel were the buyer's representatives, while Miguel Pinto and Garrick Benabe represented the seller.

With a total of 219 keys, this hotel offers a competitive price per key of $246,575.