Aids Health Foundation Acquires Hotel From Balaji Investments For $17 Million In Fort Lauderdale

The asset involved in this transaction is a hotel located at 1700 West Broward Boulevard, Fort Lauderdale. The sale was completed for a total price of $17,000,000. The property encompasses a total square footage of 55,269, resulting in a price per square foot of $307.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $17,000,000
• Square Footage: 55,269
• Price Per Square Foot: $307
• Buyer: Aids Health Foundation (AHF)
• Seller: Balaji Investments
• Buyer's Representative: Ryan Shaw - Marcus & Millichap
• Seller's Representatives: Bradley Arendt, Jonathan Papeika & Mika Mattingly - Colliers

The transaction involved key figures such as Ryan Shaw representing the buyer, Aids Health Foundation, while the seller, Balaji Investments, was represented by Bradley Arendt, Jonathan Papeika, and Mika Mattingly. This collaboration between Marcus & Millichap and Colliers highlights the professional brokerage teams engaged in facilitating the sale of this hotel asset.