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Blackstone sells South Fla. hotel for $171M

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Blackstone sells South Fla. hotel for $171M

In one of the largest hotel sales in South Florida in recent years, Blackstone Group LP sold the 589-room Hilton Fort Lauderdale Marina for $170.6 million, The Real Deal reported.

Citing property records, the news outlet said Brookfield Asset Management Inc. subsidiary Thayer Lodging Group Inc. paid roughly $290,000 per room for the nine-acre property at 1881 Southeast 17th St., which is the third-largest hotel in Broward County, Fla.

Built in 1980 and 1981, the hotel has been renovated multiple times, most significantly in 2008, The Real Deal added, citing property records and CBRE's Christian Charre.