Sale of Courtyard Fort Lauderdale Beach Led by The Plasencia Group
TAMPA, FL. June 1, 2017 - The Plasencia Group is pleased to announce the sale of the Courtyard Fort Lauderdale Beach hotel, located in Fort Lauderdale, Florida. The firm represented Fillmore Capital Partners in the sale of the 13-story, 261-guestroom hotel to Summit Hotel Properties, a publicly traded real estate investment trust.
The Courtyard was offered with an adjacent 0.83-acre surface parking lot, providing the opportunity for future development in one of the nation's premier leisure destinations.
The Plasencia Group team was led by Senior Vice Presidents Robert Wiemer and Dennis Reed and Vice President Chris Plasencia.
“The Courtyard is a strong performer in excellent condition, located in the midst of an international tourist destination,” commented Wiemer. “The destination amenities and the hotel's beachfront location generated robust interest from the real estate investment community.”
Plasencia added, “As one of the only nationally- branded select service hotels offering direct access to Fort Lauderdale Beach and the Atlantic Ocean, the Courtyard should continue to capitalize on its highly efficient operation and the market's strong demand generators.”
The Plasencia Group, headquartered in Tampa, Florida, has completed engagements for owners of nearly one hundred hotel and resort assets in Florida alone, and eighty Marriott-branded hotels nationally.
About The Plasencia Group
The Plasencia Group is a full-service hotel investment and consulting firm offering Transaction Services, Capital Markets, and Consulting & Advisory Services throughout North America. For more information, please visit www.TPGhotels.com.
Contact:
Jodie Orozco
jorozco@tpghotels.com
(813) 932-1234
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
