South Florida Hotel Overlooking Golf Course Fetches $23M
By Jeff Ostrowski November 26, 2024 6:05 am
reprints
The recently built Fairfield Inn & Suites Fort Lauderdale Northwest in Tamarac, Fla., has sold for $23 million, according to a deed.
The 2.25-acre property at 6800 NW 88th Avenue is near the intersection of West McNab and North Pine Island roads and overlooks the Colony West Golf Club.
The 120-room hotel was completed in 2023, according to property records. The sale price amounts to just under $192,000 per room.
An affiliate of Hollywood-based AD1 Global sold the property to an entity managed by George Nediyakalayil, the CEO of Northbrook, Ill.-based Gas Depot Oil Company, according to state corporate records.
Last year, Nediyakalayil paid $29 million for a hotel near Miami International Airport.
In the Tamarac sale, NWL 2016 Evergreen of Miami Beach provided a $19.85 million mortgage to the buyer, according to public records.
The mortgage and the deed became public Thursday.
Jeff Ostrowski can be reached at jostrowski@commercialobserver.com.
