Comfort Inn Airport/Cruise Port South, Hollywood, Florida
|Miami, Florida -- February
17, 2006 - Aztec Group, Inc., Florida's leading real estate investment
and merchant banking firm based in Miami, is pleased to announce the sale
of the Comfort Inn Airport/Cruise Port South in Hollywood, Florida.
The property was acquired by 2520 Stirling Management LLC for $12,000,000
from Stirling Properties Associates I, Ltd. Boaz Ashbel, Managing
Director of Aztec Group, Inc., advised both parties in this transaction.
The Comfort Inn Airport/Cruise Port South is located at 2520 Stirling Road in Hollywood, Florida and contains 191 rooms, a swimming pool, restaurant, poolside bar and meeting space. Situated next to Oakwood Plaza, the property is one mile from the Fort Lauderdale/Hollywood International Airport and five miles from Port Everglades. The new owner is planning to undertake major renovations in an effort to upgrade the physical condition of the property.
Founded in 1981, Aztec Group, Inc. is a full service real estate investment and merchant banking firm specializing in facilitating the acquisition, disposition, financing and capital needs of real estate projects for institutional investors, entrepreneurs, developers and offshore clients.
|Also See:||Aztec Arranges $20 million for Condo-Hotel Redevelopment Financing for the Breakwater and Edison Condo/Hotels in the Historic Art Deco District of South Beach / October 2005|
|Aztec Group, Inc., Arranges $28 million in Sale and Financing of the Doubletree Resort Orlando – Villas at Maingate in Kissimmee, Florida / August 2005|
|Aztec Arranges the Historic Sale of World-Famous Fontainebleau Hotel, A Miami Beach Landmark / June 2005|
|Aztec Group Places $21 million Bridge Loan on the Breakwater/Edison Hotels on Miami Beach / October 2004|