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Ashok Taneja Of Palm Holdings Acquires Hotel From Prince-Bush Investments In Hollywood For $16.66M

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SOLD
$16,660,000

Florida

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Hotel91,139 SF
Sold 10/23/2025
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Property Image
SOLD

Ashok Taneja Of Palm Holdings Acquires Hotel From Prince-Bush Investments In Hollywood For $16.66M

2905 Sheridan Street

See Similar Deals
Hotel91,139 SF
Sold 10/23/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$182
Total Square Footage:91,139 SF
Transaction Type:Sale

The property asset involved in this transaction is a hotel located at 2905 Sheridan Street in Hollywood. This hotel spans 4.5 acres, includes 150 keys, and has a total square footage of 91,139. It was sold for a price of $16,660,000, resulting in a per-key price of $111,067 and a price per square foot of $183.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $16,660,000
  • Buyer: Ashok Taneja - Palm Holdings
  • Seller: Robert C. Bush & Joseph S. Prince - Prince-Bush Investments Hollywood
  • Lender: Wilmington Trust
  • Loan Assumed: $13,810,000
  • Date of Transaction: 10/23/2025

Palm Holdings, a firm based in Toronto, was led by Ashok Taneja in this acquisition. The sellers, Robert C. Bush and Joseph S. Prince, leading Prince-Bush Investments Hollywood, completed this sale, marking the first transaction of the hotel since its construction in 1995.

Players

JP
Joseph Prince
1 deal$16.7M volume
BROKER
JP
Joseph Prince
1 deal$16.7M volume
SELLER
Wilmington Trust
Wilmington Trust
LENDER

Details

SOLD
IMAGE: Ashok Taneja DATE: 10/23/2025 ADDRESS: 2905 Sheridan Street MARKET: Hollywood ASSET TYPE: Hotel ~ ACRES: 4.5 BUYER: Ashok Taneja - Palm Holdings SELLER: Robert C. Bush & Joseph S. Prince - Prince-Bush Investments Hollywood LENDER: Wilmington Trust SALE PRICE: $16,660,000 KEYS: 150 ~ PPK: $111,067 SF: 91,139 ~ PPSF: $183 NOTE: Palm Holdings, a Toronto-based firm led by Ashok Taneja, purchased the 150-room Holiday Inn Fort Lauderdale Airport at 2905 Sheridan St. in Hollywood for $16.66 million, assuming a $13.81 million CMBS loan with Wilmington Trust. The seller was Prince-Bush Investments Hollywood, led by Robert C. Bush and Joseph S. Prince, marking the first sale of the 91,139-square-foot hotel since its 1995 construction.

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