Aloft hotel near Jacksonville airport sells for $13.5M

BMO Harris Bank financed the acquisition by the hospitality division of Los Angeles-based Gher Group

Feb.February 11, 2018 02:00 PM

Aloft hotel near Jacksonville International Airport ( Credit: HotelRoomSearch-net)

A Los Angeles-based company bought an Aloft hotel near Jacksonville International Airport for $13.5 million with bank financing.

A company affiliated with the hospitality division of L.A.-based Gher Group paid almost $100,000 per room for the 136-room Aloft hotel.

“We like the Jacksonville lodging market, with its rapidly improving local economy, strong employment market and robust port trade,” David Lifschitz, president and CEO of Gher Group, said in a prepared statement.

Gher plans to invest in upgrades to the guestrooms and public areas at the hotel, which has a gym, an outdoor pool, a bar and 600 square feet of meeting space.

The hotel is located at 751 Skymarks Drive in Jacksonville, near a shopping center called River City Marketplace.

BMO Harris Bank financed Gher’s acquisition of the hotel, the first Aloft added to the Gher’s hotel portfolio. The seller was an entity called PHVIF Jacksonville. [Jacksonville Daily Record]Mike Seemuth

Related Articles


State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Tim Tebow and his home in South Jacksonville's Glen Kernan Golf & Country Club (Credit: Getty Images, Estately)

Take 2: Tim Tebow pays $3M for second house in gated community in Florida

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Power restored after blackout envelopes West Side of Manhattan