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Sheraton Suites Fort Lauderdale at Cypress 555 NW 62nd St 258 Room Hotel Fort Lauderdale, FL 33309 $74,801,342 CAD ($289,928 CAD/Room)
Investment Highlights
- 258 All-Suite Guest Rooms: 122 Doubles & 136 Kings
- Fabulous Eight Story Atrium
- Meeting and Event Space Approx. 14,500 SF
- Renovations Approximately $10 Million Completed
- Full Commercial Kitchen & Catering License 500 Seats
Executive Summary
The Sheraton Suites Fort Lauderdale at Cypress Creek represents a compelling opportunity to acquire a recently renovated, full-service, Marriott-branded hotel positioned within one of South Florida’s most active business and transportation corridors. The Property consists of 258 all-suite guestrooms across eight floors and has benefited from approximately $10 million in capital improvements over the past three years, including a complete renovation of all guestrooms to current Sheraton Suites Marriott brand standards.
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- Market Information
Property Facts
Amenities
- Business Center
- Fitness Center
- Restaurant
- On-Site Bar
- Outdoor Pool
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 258 | $224.40 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-42-10-29-0220 | Improvements Assessment | $26,509,249 CAD |
| Land Assessment | $2,624,807 CAD | Total Assessment | $29,134,056 CAD |
Property Taxes
Parcel Number
49-42-10-29-0220
Land Assessment
$2,624,807 CAD
Improvements Assessment
$26,509,249 CAD
Total Assessment
$29,134,056 CAD
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Sheraton Suites Fort Lauderdale at Cypress | 555 NW 62nd St
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