Land acquired for new hotel in Hollywood

CN Hotels paid $1.05 million for a parcel near Hollywood City Hall

Jun.June 18, 2017 10:30 AM

CN Hotels is finishing a renovation of the Holiday Inn Express & Suites Miami-Hialeah.

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

Related Articles

BTI Partners CEO Noah Breakstone and the property

BTI Partners pays $16M for downtown Hollywood site of major mixed-use project

Hyde Beach House Resort & Residences, Carlos Rosso and Drew Sims

Sotherly closes on acquisition of Hyde Beach House hotel space

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

A conceptual rendering and Lon Tabatchnick

Margaritaville developer plans another Hollywood hotel despite opposition

Orangebrook Mobile Home Estates and Carlyle Group co-CEOs Kewsong Lee and Glenn A. Youngkin (Credit: Google Maps, Carlyle Group)

Private equity giant scoops up mobile home park in Hollywood

From left: James Grage, Matthew Elliott, and Marc Hameroff, with the home

Fitness expert wants to shed his Hollywood home via auction

Daily Digest Miami

Project with downtown Miami’s first brewery moves forward, startup aims to institutionalize investing in Miami condos: Daily digest

Luna at Hollywood, Peter Mekras of Aztec Group

Luna at Hollywood sells for $19M in bulk condo deal