Joint venture scores construction loan for Marriott hotel in Coconut Creek

$21M project calls for 105-room Residence Inn by Marriott

TRD MIAMI /
Mar.March 09, 2018 09:45 AM

Rendering of Residence Inn by Marriott in Coconut Creek and Malcolm Butters (Morlin Hospitality Group and Butters Construction)

Miami-based Morlin Hospitality Group and its partner Butters Construction and Development just scored $15.5 million to build a Residence Inn by Marriott in Coconut Creek.

Property records show Mercantil Bank issued two construction loans to Coconut Creek Hotel M-R1 for $10.12 million loan and $5.38 million. The financing is for a 1.75-acre lot at 5730 North State Road 7. The joint venture paid $2.37 million for the land in 2017. Seth Fellman, who heads Morlin Hospitality Group, planned to break ground in 2016 but was delayed in permitting, according to the Sun Sentinel.

The $21 million development calls for a six-story hotel with 105 rooms equipped with kitchenettes, a pool, fitness center and laundry facilities.

Morlin also developed the 105-room Hampton Inn & Suites hotel next to the development site, at 5740 North State Road 7. That hotel opened in 2014.

Coconut Creek-based Butters is also partnering with the Bristol Group on the University Place office building in Coral Springs.


Related Articles

arrow_forward_ios
Masoud Shojaee and a rendering of Shoma Village 

Shoma Group scores $67M loan for mixed-use Hialeah project

Shoma Group scores $67M loan for mixed-use Hialeah project
Housing Trust Group CEO and president Matt Rieger and Hudson Village renderings

HTG scores financing for Hollywood affordable housing project

HTG scores financing for Hollywood affordable housing project
Jeff Burns, Nick Rojo, The Bohemian Lake Worth

Affiliated Development’s Lake Worth Beach apartment project approved

Affiliated Development’s Lake Worth Beach apartment project approved
A rendering of the Intracoastal Mall and Gil Dezer

Dezer’s plans to remake Intracoastal Mall face opposition

Dezer’s plans to remake Intracoastal Mall face opposition
Alta Developers CEO Raimundo Onetto and Le Parc at Brickell rendering

Le Parc at Brickell condo association sues Alta Developers and partner for alleged construction defects

Le Parc at Brickell condo association sues Alta Developers and partner for alleged construction defects
Rendering of Belmont Village Coral Gables and Baptist Health South Florida CEO Brian L. Keeley

Baptist, Belmont gain approval for luxury senior living in Coral Gables

Baptist, Belmont gain approval for luxury senior living in Coral Gables
 Rendering of Father Marquess-Barry Apartments with Matt Rieger

HTG scores financing for senior affordable housing in Overtown

HTG scores financing for senior affordable housing in Overtown
Biscayne Beach

Lawsuit accuses Biscayne Beach developer and construction firms of shoddy work

Lawsuit accuses Biscayne Beach developer and construction firms of shoddy work
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...