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Hotel-Motel

Fairfield Inn & Suites by Marriott Tamarac | Under Construction

6800 NW 88th Ave, Tamarac, FL 33321

Listing Price: $24,000,000

Cap Rate
6.26%
Number of Rooms
120
Gross SF
1
Price/Room
$200,000
Price/Gross SF
$24,000,000.00
Year Built
2021

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 120-room, brand new Fairfield Inn & Suites by Marriott located in Tamarac, Florida. Tamarac is located within the Miami - Fort Lauderdale - West Palm Beach MSA, the seventh-largest MSA in the United States by population size. The property is currently under construction, and is expected to open during the summer of 2021. Upon completion, the property will be a five-story hotel located within close proximity to the Sawgrass Expressway and South University Drive, two major thoroughfares of southeast Florida. The area surrounding the property is a short drive from downtown Fort Lauderdale and hosts a variety of demand generators including: the Sawgrass Mills shopping mall, BB&T Center, and Fort Lauderdale Executive Airport, among others. The Fairfield Inn & Suites by Marriott offers investors the opportunity to acquire a brand new Marriott-flagged property in an established and growing market.

Investment Highlights

  • Brand New Property And Growth Opportunity
  • Ease of Access to High Traffic Corridors
  • Notable Brand Recognition:

Exclusively Listed By

Hotel-Motel

Fairfield Inn & Suites by Marriott Tamarac | Under Construction

Listing Price: $24,000,000

Cap Rate
6.26%
Number of Rooms
120
Gross SF
1
Price/Room
$200,000
Price/Gross SF
$24,000,000.00
Year Built
2021

Investment Highlights

  • Brand New Property And Growth Opportunity
  • Ease of Access to High Traffic Corridors
  • Notable Brand Recognition:

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 120-room, brand new Fairfield Inn & Suites by Marriott located in Tamarac, Florida. Tamarac is located within the Miami - Fort Lauderdale - West Palm Beach MSA, the seventh-largest MSA in the United States by population size. The property is currently under construction, and is expected to open during the summer of 2021. Upon completion, the property will be a five-story hotel located within close proximity to the Sawgrass Expressway and South University Drive, two major thoroughfares of southeast Florida. The area surrounding the property is a short drive from downtown Fort Lauderdale and hosts a variety of demand generators including: the Sawgrass Mills shopping mall, BB&T Center, and Fort Lauderdale Executive Airport, among others. The Fairfield Inn & Suites by Marriott offers investors the opportunity to acquire a brand new Marriott-flagged property in an established and growing market.

Exclusively Listed By

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