APEX Capital Realty’s specialized welcome team identified the opportunity to trade this iconic waterfront asset. Miguel Pinto, President / Managing Broker of APEX Capital Realty, and Garrick Benabe, Director of Hotel Investments represented the vendors Pompano Hotel I LLC et al. Miguel Pinto, Garrick Benabe and Ovy Anghel, Commercial Advisor at APEX Capital Realty represented Key International in this historic off-market transaction.
Key International and WREI are planning a major renovation to the property, which is located directly on the sand, a short walk from the recently built fishing village of Pompano Beach. Together, the companies plan to transform the property into a beachfront destination by creating a new resort-style pool deck and renovating the in-room product as well as the on-site restaurant.
The City of Pompano Beach recently invested $ 80 million in an oceanfront renovation that unveiled a new oceanfront park promenade with several family attractions, the state-of-the-art Pompano Beach fishing pier and a new parking structure. with a reception center. The city should welcome by 2025 a new urban city center, versatile and friendly for pedestrians.
Facilities at the Fort Lauderdale Marriott Pompano Beach Resort & Spa include a state-of-the-art spa offering a range of wellness treatments, a waterfront fitness center, two on-site restaurants overlooking the coast, and equipped event spaces. to accommodate up to 300 guests.
The hotel marks the latest addition to a long-term partnership between Key International and WREI. Together, the companies have developed several beachfront hotel properties with current assets in Panama City Beach, Jacksonville and Fort Lauderdale.