HOME2 SUITES / TRU DUAL BRAND DOWNTOWN FORT LAUDERDALE

Fort Lauderdale, Florida

Deal Type: Acquisition 

Risk Profiles: Core, Core Plus

Property Type: Hotels & Hospitality 

PROPERTY OVERVIEW

The Home2 Suites and Tru Dual Brand Downtown Fort Lauderdale is an institutional quality, newly built dual branded hotel situated in the heart of downtown Fort Lauderdale, less than one mile from Flagler Village, Las Olas, River Walk, and several corporate offices. Fort Lauderdale is among the fastest-growing residential populations, tourism destinations, and corporate centers in the nation. Las Olas Boulevard, which has seen a momentous amount of new development, is located five minutes away from the hotel. The Boulevard is famous for its high-end shopping boutiques, art galleries, restaurants, cafes, and bars. Las Olas Beach and Fort Lauderdale Beach are only a 10-minute drive from the hotel, increasing leisure demand in the area. With over 13.1 million visitors in 2019, Fort Lauderdale is a popular destination due to its stunning beaches, cultural attractions, and lively nightlife.

Furthermore, Brightline, a privately-owned high-speed rail network connecting Miami to West Palm Beach to Fort Lauderdale to Orlando, recently opened and quickly became the largest high-speed rail network in North America. Fort Lauderdale’s Brightline station is in the heart of Downtown and is within easy walking distance of the hotel, Las Olas Boulevard, and the wide variety of attractions in Downtown Fort Lauderdale. Las Olas Fort Lauderdale is also home to almost 200 regional, national, and international headquarters and possesses a deep international C-Suite business expertise, along with the third-largest concentration of consular corps in the United States.

The hotel is located within half a mile of AutoNation’s Headquarters, the largest automotive retailer in the United States, ranked #141 on Fortune 500’s 2022 List. AutoNation’s headquarters occupies a 17-story tower that covers 400,000 square feet and houses over 1,000 employees.