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South Florida

Hilton Fort Lauderdale Airport part of troubled $539 million mortgage

The 388-bed hotel is one of 14 nationwide covered by the loan

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The Hilton Fort Lauderdale Airport is one of 14 hotels covered by a $539
million mortgage that was transferred to special servicing for
“imminent default,” according to Fitch Ratings. The loan, held by the
Columbia Sussex Portfolio and managed by Bank of America, is set to mature Oct. 15. The 388-bed Hilton Fort Lauderdale Airport is located at 1870
Griffin Road. The portfolio, which includes mostly Wyndham hotels, has
one other Florida hotel, the Westin Harbour Island in Tampa. [SFBJ]

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