{"id":1004798354,"date":"2026-05-11T05:20:39","date_gmt":"2026-05-11T13:20:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004798354"},"modified":"2026-05-11T05:20:40","modified_gmt":"2026-05-11T13:20:40","slug":"sheraton-suites-hotel-trades-near-fort-lauderdale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sheraton-suites-hotel-trades-near-fort-lauderdale\/","title":{"rendered":"Sheraton Suites Hotel Trades Near Fort Lauderdale"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a53fec6dee85&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004798352\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sheraton-suites-plantation\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sheraton-Suites-Plantation.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Sheraton-Suites-Plantation\" data-image-description=\"&lt;p&gt;Image in briefs from JLL&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Sheraton Suites Fort Lauderdale West contains 7,900 square feet of flexible meeting space. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sheraton-Suites-Plantation.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sheraton-Suites-Plantation.jpg?w=800\" alt=\"A photo of the front entrance to the Sheraton Suites hotel in Plantation, Florida.\" class=\"wp-image-1004798352\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sheraton-Suites-Plantation.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sheraton-Suites-Plantation.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/Sheraton-Suites-Plantation.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Sheraton Suites Fort Lauderdale West contains 7,900 square feet of flexible meeting space. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The Artifact Group and partner Rok Acquisitions have purchased the Sheraton Suites Fort Lauderdale West, a 265-room all-suite hotel in Plantation, Fla. Everwood Hospitality Partners sold the property, the price of which was not disclosed.<\/p>\n\n\n\n<p>JLL, arranged the sale on behalf of the buyer and secured the acquisition financing in the form of a floating-rate, three-year loan through CIM Group.<\/p>\n\n\n\n<p>The new ownership plans to invest $10 million in a brand-mandated property improvement plan that will refresh guest suites and corridors. The previous ownership completed about $12 million in renovations after <a href=\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-sheraton-sells-gets-new-management\/\">acquiring the hotel<\/a>, then known as the Sheraton Suites Plantation, from Fillmore Capital Partners in February 2018 for $24.7 million.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/how-global-investors-adjust-to-disruption\/\">How Global Investors Are Adjusting to Disruption<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The hotel features seven event venues totaling 7,900 square feet of flexible meeting space, including a 2,300-square-foot ballroom. Additional amenities include a rooftop pool and hot tub, fitness center, three-meal restaurant, full-service bar and a Marriott Bonvoy Elite Club lounge.<\/p>\n\n\n\n<p>The property\u2019s location along University Drive puts in the heart of Plantation Walk, a mixed-use district featuring more than 1,100 luxury apartments, 200,000 square feet of Class A office space, 205,000 square feet of medical office space and 220,000 square feet of retail, restaurant and entertainment venues.<\/p>\n\n\n\n<p>The JLL Hotels &amp; Hospitality team that arranged the sale was led by Senior Managing Director Andrew Dickey, Senior Directors Maciej Polek and Wyatt Krapf, Senior Associate Jesse Pohl, Associate Henry Winchester and Analyst Mason Greif.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-sunny-spring-forecast-for-the-region\">A sunny spring forecast for the region<\/h2>\n\n\n\n<p>JLL reported that Plantation has emerged as a high-growth suburban market within Broward County, in part from its easy accessibility via Interstate 595 and the Florida Turnpike. The city of Plantation is about 20 minutes from both Fort Lauderdale\u2013Hollywood International Airport and Port Everglades, which saw a record 4.1 million cruise passengers in 2024.<\/p>\n\n\n\n<p>Hotels in Greater Fort Lauderdale reported strong performance in March, according to an April report from tourism marketing organization Visit Lauderdale. Occupancy reached 85 percent, a year-over-year increase of 6 percent, while metro hotel demand rose 9 percent year over year and the average daily rate reached $240.49.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint venture acquired the property from Everwood Hospitality Partners.<\/p>\n","protected":false},"author":882,"featured_media":1004798352,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21783,1492,21742,32781],"tags":[52859,32796,52861,33070,52860],"class_list":["post-1004798354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-investment","category-miami","category-latest","category-southeast","tag-everwood-hospitality-partners","tag-jll","tag-rok-acquisitions","tag-sheraton-hotels-and-resorts","tag-the-artifact-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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