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Developers break ground for dual-branded Hilton hotel in Fort Lauderdale
Merrimac Ventures and Driftwood Acquisitions & Development are developing the 218-room hotel under the brands Tru by Hilton and Home2 Suites
The developers of a dual-branded Hilton hotel in the Flagler Village area near downtown Fort Lauderdale broke ground for construction of the 218-room property.
Merrimac Ventures and Driftwood Acquisitions & Development expect construction of the hotel at 315 Northwest First Avenue to conclude in 2020.
The 19-story hotel will operate under the brands Tru by Hilton and Home2 Suites by Hilton.
The hotel will have 112 rooms under the Tru brand and 106 extended-stay rooms under the Home2 Suites brand. The brands will have separate lobbies in the same building.
North Palm Beach-based Driftwood Hospitality Management will manage the dual-branded hotel.
The $50 million development “will further activate Flagler Village,” Dev Motwani, president and chief executive officer of Merrimac Ventures, told the South Florida Business Journal.
A partnership led by Motwani acquired the development site on Northwest First Avenue in January 2016 for $1.9 million. [South Florida Business Journal] – Mike Seemuth