Charles Cohen boosts financing for Le Méridien in Dania Beach

245-room hotel expected to open next year

TRD MIAMI /
Apr.April 30, 2018 10:30 AM

Rendering of the Le Méridien Fort Lauderdale Airport and Charles Cohen

Developer Charles Cohen closed on an additional $22.3 million in financing for the redevelopment of the former Sheraton hotel in Dania Beach.

Property records show Cohen Dania Beach Hotel LLC boosted its loan to $75 million, up from $52.7 million in 2016. Fortress Investment Group, a private equity firm based in New York, is the lender. Fortress was acquired by SoftBank Group last year for $3.3 billion in cash.

The 245-room Le Méridien Fort Lauderdale Airport at 1825 Griffin Road is slated to open next year, according to its website. The hotel is part of Cohen’s Design Center of the Americas, a 40-acre, 800,000-square-foot design and office campus off of I-95 near Fort Lauderdale.

The Le Méridien will feature an expanded fitness center, renovated outdoor pool, 20,000 square feet of flexible meeting space and two redesigned restaurants. Nichols Brosch Wurst Wolfe & Associates is the architect.

The Cohen Brothers Realty Corp. affiliate paid $34.3 million for then 250-room hotel in 2014 and closed the Sheraton two years ago. Cohen is president and CEO of the company, which owns and manages more than 12 million square feet of office space and design centers across the country.


Related Articles

arrow_forward_ios
Charles Cohen and a rendering of the project (Getty, Pelli Clarke Pelli Architects)

Billionaire Charles Cohen proposes 338-foot tall office tower in West Palm

Billionaire Charles Cohen proposes 338-foot tall office tower in West Palm
Asi Cymbal and a rendering of the project

Asi Cymbal closes on multifamily dev site in Dania Beach

Asi Cymbal closes on multifamily dev site in Dania Beach
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
 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
Fortune International Group’s Edgardo Defortuna, Château Group’s Manuel Grosskopf and a rendering of the project

Fortune and Château score $119M refi for Sunny Isles condo project

Fortune and Château score $119M refi for Sunny Isles condo project
Rendering of the project and from left: Vince Signorello, Ricardo Caporal and Greg West

Zom Living, partners score $57M loan for Ludlam Trail project

Zom Living, partners score $57M loan for Ludlam Trail project
6405 West Boynton Beach Boulevard rendering, Pebb Enterprises President and CEO Ian Weiner

Sprouts-anchored mixed-use project in Boynton Beach scores $27M loan

Sprouts-anchored mixed-use project in Boynton Beach scores $27M loan
arrow_forward_ios

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

Loading...