Fort Partners Acquires Hotel In Palm Beach From Jeff Greene For $150 Million

The asset involved in this transaction is a hotel located at 2842 South Ocean Boulevard in Palm Beach, FL. The sale was completed for a price of $150,000,000, and the property encompasses a total area of 100,000 square feet, translating to a price per square foot of $1,500.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $150,000,000
• Address: 2842 South Ocean Boulevard
• Market: Palm Beach, FL
• Square Footage: 100,000
• Price per Square Foot: $1,500
• Buyer: Fort Partners
• Seller: Jeff Greene
• Seller's Representative: Jeff Davis & Phil Gheorghiu - Eastdil Secured Savills

Key individuals involved in the transaction include the buyer represented by Fort Partners, with Jeff Greene acting as the seller. The seller's representation was handled by Jeff Davis and Phil Gheorghiu from Eastdil Secured Savills, facilitating this significant transaction in the hotel market.