JLL completes sale and financing for 265-room Sheraton Suites in Plantation, Florida
United States, May 11 -- JLL's Hotels & Hospitality Group announced that it arranged the sale and secured acquisition financing for the Sheraton Suites Fort Lauderdale West, a 265-room all-suite hotel prominently positioned along University Drive in the heart of Plantation's rapidly expanding mixed-use district.JLL represented the seller, Everwood Hospitality Partners, in the transaction. The acquisition was completed by the Canada-based Artifact Group, in partnership with Miami-based Rok Acquisitions. JLL worked on behalf of the buyer to secure a floating-rate, three-year loan through CIM Group.The property stands as the centerpiece of Plantation Walk, a vibrant mixed-use development featuring more than 1,100 luxury apartments, 200,000 squ...
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