TOWNEPLACE SUITES FORT LAUDERDALE-WESTON

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 93-room TownePlace Suites located in Weston, Florida, an affluent suburb of Fort Lauderdale in western Broward County. The hotel is a three-story property built in 2001 and located just off Interstate 75. Ownership is finishing an extensive renovation that has interrupted business from 2022 to today. TownePlace Suites Fort Lauderdale-Weston provides the opportunity for a new owner to acquire a premium extended stay Marriott hotel in one of the largest MSA's in the US with diverse business drivers and the potential to realize significant RevPAR growth through hands-on management, capitalizing on the recent renovation and utilization of the Marriott name, reservation system, and loyal base of guests.

INVESTMENT HIGHLIGHTS

• High Barriers to Entry Market with Operational Upside
• Highly Desirable Location Within the Miami-Fort Lauderdale-West Palm Beach MSA
• Weston, Florida is a Top-3 "Safest City to Live in Florida" (2024)
• Competitive Set RevPAR Increased Year-Over-Year
• Proximate to Cleveland Clinic Weston Hospital (Top 50 Hospital in the World), Amerant Bank Arena, Sawgrass Mills Mall, Nova Southeastern University, Seminole Hard Rock Casino, and More