CORAL SPRINGS, Fla., Aug. 16, 2017 /PRNewswire/ -- HTL Hospitality Advisors announced today the sale of the Courtyard by Marriott, a 110-room, upscale hotel located at 620 North University Drive, Coral Springs, Florida. The price was $16.25 million, or $147,727 per room.
The listing agent was Bryan L. Gipson, Director of Hotel Brokerage for HTL Hospitality Advisors. Mr. Gipson, who is HTL Hospitality Advisors' broker of record in Florida, also secured the buyer.
The four-story hotel recently benefited from a multi-million dollar renovation and features the latest Courtyard Generation six interior design and finishes. The Courtyard by Marriott Coral Springs offers convenient access to Pompano Beach, Heron Bay Golf Club, Butterfly World, Coral Springs Aquatic Complex, Seminole Casino Coconut Creek and many other area attractions.
HTL Hospitality Advisors is a national hotel brokerage and consulting group. The firm operates out of 7 offices nationwide and is a leading provider of brokerage and consulting services dedicated to REITs, hotel owners, investors and managers. HTL's hotel brokers and consultants have completed billions of dollars in hotel or other hospitality related transactions including individual and portfolio investment sales, ad valorem tax consulting, feasibility studies, appraisals, project development services, senior debt financing, capital restructuring, management company selection, hotel management, receivership and contract negotiation.
Contact: Bryan L. Gipson, Director of Hotel Brokerage
HTL Hospitality Advisors
407-413-9001 or Bgipson@htlha.com
SOURCE HTL Hospitality Advisors