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Marriott-branded hotel in Florida trades for $62M

An affiliate of Noble Investment Group LLC sold The Renaissance Fort Lauderdale Cruise Port Hotel in Fort Lauderdale, Fla., to an affiliate of Wurzak Hotel Management Corp. for roughly $61.9 million, the South Florida Business Journal reported, citing a deed filed in county records.

Buyer 17th Street Hotel LLC obtained a $42.3 million mortgage from Barclays Capital Real Estate to acquire the hotel, which is part of the Marriott International Inc. brand, from NF III Ft. Lauderdale LLC, according to the report.

The 236-room asset at 1617 Southeast 17th St. was built in 2001 and spans 254,606 square feet.