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Two La Quinta Inn & Suites by Wyndham Inns in Fort Lauderdale, Florida Listed for Sale



La Quinta Inn & Suites by Wyndham Sunrise Sawgrass Mills - Pool
  La Quinta Inn & Suites by Wyndham Dawn Sawgrass Mills


CBRE Hotels;

The 103-room La Quinta Dawn Sawgrass Mills and 104-room Dawn properties are situated throughout the road from the opposite, each adjoining to I-75 and I-595, providing nice accessibility to Fort Lauderdale – Hollywood Worldwide Airport and the west coast of Florida in addition to east to Port Everglades and the seashores. 

Lower than two miles from the motels is the Sawgrass Mills Mall, the third largest shopping center within the Southeastern U.S. with roughly 2.4 million sq. toes of retail. 

As well as, FLA Dwell Enviornment, the house of the NHL’s Florida Panthers, can also be situated lower than three miles from the Property and attracts a major quantity of room nights to the properties. The foremost enviornment attracts over two million guests a 12 months to main sporting occasions and concert events. 

Moreover, there’s roughly 4.6 million sq. ft. of workplace area within the submarket that drives enterprise to the motels with American Categorical’s main headquarters only a half mile from the properties.

Funding Highlights

  • Inns situated lower than 2 miles from the Sawgrass Mills Mall and three miles from the FLA Dwell Enviornment, dwelling of the NHL’s Florida Panthers
  • Sturdy In-Place Money Circulation as Mixed Properties’ TTM 2023 Income is up 20% over 2019, and continues to indicate robust month-to-month YOY will increase
  • Provided considerably beneath substitute price for this extremely sought-after South Florida lodging market
  • Favorable Lengthy-term Wyndham franchise to be assumed by Purchaser via 2038 with no speedy PIP necessities
  • 1.5 miles from Sawgrass Know-how Park, over 518,000 sq. ft. of workplace area
  • Lower than 14 miles from Fort Lauderdale-Hollywood Worldwide Airport, the 18th largest airport in the US with 32 million passengers in 2022
  • Situated in a powerful lodging submarket, West Broward/Plantation, that surpassed 2019 RevPAR efficiency by 43% as of June 2023
  • Inns will proceed to learn from extraordinarily constrained new resort provide to the Metropolis of Dawn resulting from its strict growth restrictions

For inquiries go to right here.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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