The Fairfield Inn & Suites Fort Lauderdale Northwest in Tamarac, Florida, has been sold for $23 million, according to a deed. The 2. 25-acre property, located at 6800 NW 88th Avenue, is situated near the intersection of West McNab and North Pine Island roads, offering breathtaking views of the Colony West Golf Club.
The newly built hotel, which was completed in 2023, boasts 120 rooms, making the sale price amount to just under $192,000 per room. The property was sold by an affiliate of Hollywood-based AD1 Global to an entity managed by George Nediyakalayil, the CEO of Northbrook, Illinois-based Gas Depot Oil Company, "according to state corporate records." The buyer secured a $19. 85 million mortgage from NWL 2016 Evergreen of Miami Beach... as per public records.
The transaction marks a significant commercial real estate deal in the region. This article relies on valuable information provided by Commercial Observer... a trusted and reliable source for commercial real estate news and market analysis.
The recently built Fairfield Inn ⁘ Suites Fort Lauderdale Northwest in Tamarac, Fla., has sold for $23 million, according to a deed. The 2.25-acre property at 6800 NW 88th Avenue is near the intersection of West McNab and North Pine Island roads and overlooks the Colony West Golf Club .
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