FlyerTalk Forums - View Single Post - Pier Sixty-Six (Ft Lauderdale, FL) REVIEW

Feb 3, 2016 | 12:38 pm

#108

mia

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Fort Lauderdale Pier Sixty-Six Resort and Marina expected to sell for $200 million.

Quote:

The iconic Hyatt Regency Pier Sixty-Six Resort and Marina in Fort Lauderdale is for sale — for buyers who can afford a likely nine-figure price tag.

The 22.7-acre property, owned by global investment firm Blackstone, has been put on the market and is expected to sell for $200 million, which would rank it among the largest local hotel sales in recent years. Broker CBRE Hotels is handling the sale.

Included in the sale will be city-approved plans to build two 11-story, 58-unit residential towers on the property, as well as a three-story parking garage with rooftop pool and 30,000 additional square feet of retail and office space. The new owners will also be able to attach a new brand and management to the property.

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