The Real Deal Miami

Courtyard Marriott in Plantation nabs $17M loan

ING Clarion Partners paid $3M for the hotel in 2005
Courtyard Marriott in Plantation

Courtyard Marriott in Plantation

A Courtyard Marriott in Plantation received a $17 million loan recently, The Real Deal has learned.

German American Capital Corp. granted CBM Two Hotels LP and C2 Land LP the mortgage on March 31, Broward County records show.

C2 Land, the owner of the nearly 2-acre site 7780 Southwest Sixth Street, bought the property in December 2005 for close to $3 million. C2 is affiliated with Clarion Partners, the New York-based real estate investment management company.

The 149-room hotel includes a resort-style pool and paved parking surrounding the building. It was built in 1989. Last minute weekend rates for the one and two-bedroom rooms and suites range from $179 to $279, according to the hotel’s website. They range from 350 square feet to 418 square feet.