facebook
Traded Co logo
Submit
Daily limit: 0/10

Stephen Ross Of Related Ross Acquires The Ben Hotel From Wheelock Street Capital In West Palm Beach

Property Image
SOLD
Robert (Bob) J. Webster
Stephen Ross
+ 2

Florida

See Similar Deals
Hotel
Sold
the dealplayerscompscontact
Property Image
SOLD

Stephen Ross Of Related Ross Acquires The Ben Hotel From Wheelock Street Capital In West Palm Beach

251 North Narcissus Avenue

See Similar Deals
Hotel
Sold
Robert (Bob) J. Webster
Stephen Ross
+ 2
Contact now

Summary

FLORIDA
Asset Type:Hotel
Transaction Type:Sale

The Ben Hotel is a Marriott-branded hotel situated at 251 North Narcissus Avenue, West Palm Beach. The hotel features 208 keys and is part of the Banyan Square mixed-use project, which is located near the Intracoastal Waterway. This asset was opened in 2020 and represents a strategic acquisition within a rising tourism market in Palm Beach County.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Address: 251 North Narcissus Avenue
  • Market: West Palm Beach
  • Asset Type: Hotel
  • Keys: 208
  • Buyer: Stephen Ross - Related Ross
  • Seller: Merrick Kleeman & Jonathan Paul - Wheelock Street Capital
  • Broker: Robert J. Webster, Ron Danko & Timothy Southard - CBRE
  • Transaction Date: February 26, 2026

Related Ross's acquisition of The Ben Hotel enhances their portfolio within downtown West Palm Beach, leveraging the growing demand for tourism in the area. The deal was facilitated by brokers Robert J. Webster, Ron Danko, and Timothy Southard from CBRE, representing the respective parties in this transaction.

Players

Ron Danko
6 deals$394.4M volume
BROKER

Robert (Bob) J. Webster
CBRE
3 deals$200.3M volume(404) 277-7900
BROKER

Timothy  (Tim) Southard
CBRE
2 deals$190M volume(404) 964-8450
BROKER

Stephen Ross
45 deals$5.1B volume
BUYER

Merrick Kleeman
Wheelock Street Capital
6 deals$453.4M volume
SELLER

Wheelock Street Capital
SELLER

Details

SOLD
IMAGE: Merrick Kleeman, Timothy Southard, Stephen Ross, Robert J. Webster, Jonathan Paul & Ron Danko DATE: 02/27/2026 ADDRESS: 251 North Narcissus Avenue MARKET: West Palm Beach ASSET TYPE: Hotel ~ KEYS: 208 BUYER: Stephen Ross - Related Ross (@RelatedRoss) SELLER: Merrick Kleeman & Jonathan Paul - Wheelock Street Capital BROKER: Robert J. Webster, Ron Danko & Timothy Southard - CBRE (@CBRE) NOTE: Related Ross acquired the 208-room waterfront The Ben Hotel in West Palm Beach from Wheelock Street Capital, with the parties closing the deal on February 26 but not disclosing the purchase price. The Marriott-branded hotel, opened in 2020 within the Banyan Square mixed-use project near the Intracoastal Waterway, joins Related’s growing downtown portfolio as tourism demand in Palm Beach County continues to rise.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00