Yet another DoubleTree hotel in South Florida changed hands, this time for $14.02 million.
A company tied to New York-based Garrison Investment Group picked up the DoubleTree by Hilton Deerfield Beach-Boca Raton in a transaction recorded on Wednesday, according to Broward County records. The seller of the 220-room hotel is CS Hospitality of Menomonee Falls, Wis. CS paid $15.4 million for the 100 Fairway Drive property in February 2005.
Garrison did not obtain financing for the purchase. The hotel was constructed in 1985.
CBRE Hotels arranged the sale.