Greensboro, North Carolina-based CN Hotels acquired land in Hollywood for a 119-room hotel.
An affiliate of CN Hotels called Hollywood Downtown Hotel paid $1.05 million for a little less than an acre at 2638 Polk Street near Hollywood City Hall.
CN Hotels managing partner Anit Patel told the Sun-Sentinel that the company’s Hollywood hotel project was in the planning and design stage.
He said CN Hotels is in talks to affiliate its Hollywood hotel with an upscale hotel brand catering to guests traveling for both business and leisure.
Patel also said CN Hotels is seeking land in Homestead for another hotel and finishing renovations to the 146-room Holiday Inn Express & Suites Miami-Hialeah at 6650 West 20th Avenue in Hialeah.
Fort Lauderdale-based real estate brokerage firm Berger Commercial Realty/CORFAC International represented 2368 Polk Street LLC, the company that sold the Hollywood parcel to the affiliate of CN Hotels. [Sun-Sentinel] – Mike Seemuth