The Real Deal Miami

Sunrise Holiday Inn sells for $10.5M

Last sold in December 2009 for $13.8M
Holiday Inn at 3003 North University Drive in Sunrise

Holiday Inn at 3003 North University Drive in Sunrise

A Holiday Inn in Sunrise sold for $10.5 million on Dec. 31.

Beverly Hillls-based Latitude Management Real Estate Investors Inc. sold the 177,983-square-foot building to Sawgrass Grand Fee Owner LLC, according to Broward County records.

The property, located at 3003 North University Drive, last sold in December 2009 for $13.8 million. The hotel has 300 rooms and was built in 1987.

Sawgrass Fee Owner LLC secured a $9 million mortgage from First Key Lending on Dec. 30.

Jeff Krinsky is listed as a registered agent for the buyer. Krinsky is a principal of Carmichael Hospitality Partners LLC, a South Florida joint venture that focuses on the ownership and adaptive reuse of office buildings into full and limited service hotels. He’s also managing principal of Panther Capital Management, a diversified real estate company.

  • Haiti help

    Go Krinsky go, just don’t forget where you came from. Congratulations with all your success.The Forum needs a new manager though, tenants are being bullied and are on the brink of requesting new property mgr.