Tom Gilbane, Aric Shalev, And Patrick Ryan Of Rockpoint Acquire Hotel Maren Fort Lauderdale For $47.1M

The property asset involved in the transaction is a hotel located at 525 South Fort Lauderdale Beach Boulevard, Fort Lauderdale, FL. The hotel spans 0.8 acres and features 141 keys. It was sold for a transaction amount of $47,100,000, resulting in a price per key of $334,043.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $47,100,000
• Buyer: Tom Gilbane, Aric Shalev & Patrick Ryan - Rockpoint; Neil Luthra - Newbond Holdings
• Seller: Robert Indeglia - Magna Hospitality Group
• Lender: Athene Annuity & Life Company
• Keys: 141
• PPK: $334,043

Rockpoint and Newbond Holdings acquired the hotel, known as Hotel Maren Fort Lauderdale, which is part of the Curio Collection by Hilton and was built in 2021. The transaction was facilitated to implement targeted upgrades to the hotel’s food-and-beverage operations and public areas, aiming to enhance its standing in the Fort Lauderdale Beach market.