facebook
Traded Co logo
Submit a Deal

Driftwood Hospitality Management Secures $46.5M Loan For Fort Lauderdale Hotel

315 Northwest 1st Avenue
PointingArrow
ShareContact

This Hotel property located in FL received a loan of $46,500,000 over 2 years ago. The brokers of the deal were Jordan Ray, Lexington Henn, and Steven Buchwald

The hotel located at 315 Northwest 1st Ave in Fort Lauderdale has been involved in a recent transaction. The property, with a size of 204,508 square feet and 218 keys, was the subject of a closed deal. The transaction took place on October 19, 2021, and the loan amount for the deal was $46,500,000.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $46,500,000
  • Address: 315 Northwest 1st Ave
  • Market: Fort Lauderdale
  • Size: 204,508 square feet
  • Keys: 218

The transaction was facilitated by the real estate firm Mission Capital Advisors, with brokers Jordan Ray, Lexington Henn, and Steven Buchwald representing the parties involved. Driftwood Hospitality Management served as the landlord in this deal.

View Related

Deals
  • Location
    315 Northwest 1st Avenue, Fort Lauderdale, FL, USA315 Northwest 1st Avenue, Fort Lauderdale, FL, USA
  • Loan Value
    $46,500,000$46,500,000
  • Asset Type
    HotelHotel
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Steven Buchwald

Steven Buchwald

Deals18
Financed$804.4M

Agency

Institutional Property Advisors

Institutional Property Advisors

Agency
Deals519
Volume$16.9B

Social

Deal Summary

LOAN IMAGE: Lexington Henn, Jordan Ray & Steven Buchwald DATE: 10/19/2021 ADDRESS: 315 Northwest 1st Ave MARKET: Fort Lauderdale ASSET TYPE: Hotel ~ SF: 204,508 ~ KEYS: 218 LANDLORD: Driftwood Hospitality Management BROKERS: Jordan Ray (@JordRay1), Lexington Henn (@HennHouse9) & Steven Buchwald (@AgentBuch6) - Mission Capital Advisors (@Mission.Capital) LOAN AMOUNT: $46,500,000

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

315 Northwest 1st Avenue

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits