Banyan Investment Group Acquires Fort Lauderdale Hotel For $23M

2900 Riomar Street, Fort Lauderdale, FL, USA

$23,000,000

$28,930/SF

Building Size

795 SF

Asset Type

Hotel

Closing

Dec 10, 2020

AI

The asset involved in the transaction is a hotel located at 2900 Riomar Street in Fort Lauderdale. The sale took place on December 11, 2020. The buyer of the property is Banyan Investment Group, while the seller is Harvey Hernandez. The hotel was represented by Christian Charre, Paul Weimer, Jennifer Jin, and Andrew Pastorino from CBRE. The transaction was completed for a total price of $23,000,000. The hotel has a total of 96 keys, with a price per key of $239,583.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $23,000,000
Address: 2900 Riomar Street
Market: Fort Lauderdale

Christian Charre, Paul Weimer, Jennifer Jin, and Andrew Pastorino from CBRE played key roles as brokers in this transaction. They represented the hotel during the sale.

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