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Privé Group Acquires Hotel In Fort Lauderdale For $17.3M

Property Image
SOLD
$17,300,000

Florida

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Hotel54,540 SF
Sold
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Property Image
SOLD

Privé Group Acquires Hotel In Fort Lauderdale For $17.3M

2301 SW 12th Ave, Fort Lauderdale, FL, USA

See Similar Deals
Hotel54,540 SF
Sold
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$317
Total Square Footage:54540 SF
Transaction Type:Sale

The hotel located at 2301 Southwest 12 Ave in Fort Lauderdale has been sold for a price of $17,300,000. The sale took place on January 3, 2020. The hotel is owned by Apple Hospitality REIT and was purchased by Privé Group, represented by Javier Rabinovich and Mariano Karner. The transaction was facilitated by Ruth Katz from RK Commercial Real Estate LLC.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $17,300,000
  • Address: 2301 Southwest 12 Ave, Fort Lauderdale
  • Market: Fort Lauderdale
  • Square Footage: 54,540 SF
  • Price per Square Foot: $317
  • Number of Units: 109
  • Price per Unit: $157,798

Javier Rabinovich and Mariano Karner, representing Privé Group, successfully acquired the hotel from Apple Hospitality REIT. Ruth Katz from RK Commercial Real Estate LLC played a significant role in brokering the deal.

Players

Ruth Katz
Ruth Katz
1 deal$17.3M volume(917) 797-0221
BROKER
AR
Apple Hospitality REIT
SELLER

Details

SOLD
IMAGE: Javier Rabinovich & Ruth Katz DATE: 01/03/2020 ADDRESS: 2301 Southwest 12 Ave MARKET: Fort Lauderdale ASSET TYPE: Hotel SELLER: Apple Hospitality REIT BUYER: Privé Group - Javier Rabinovich, Mariano Karner BROKERS: Ruth Katz - RK Commercial Real Estate LLC @RuthKatz1 PRICE: $17,300,000 SF: 54,540 ~ PPSF: $317 UNITS: 109 ~ PPU: $157,798

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