Waramaug LS Hotels, a privately held investment group, announced they have acquired the 156-key limited service hotel, in Plantation, Florida serving a dynamic submarket of Fort Lauderdale. This is Warmaug LS Hotel's fourth acquisition in the last six months.
Fully renovated in 2011, the Holiday Inn Express is ideally located with convenient accessibility to all the local area's leading demand drivers and top performing businesses. Commercial businesses and residential areas as well as main thoroughfares such as the Sawgrass Mills Mall, Sawgrass Corporate Park, the BB&T Center and the Fort Lauderdale Airport border the property. Also, adjacent to the hotel is the regional headquarters of Motorola and main offices of American Express, AT&T and Nova Southeastern University are minutes away.
"Due to the close proximity to major businesses in the area, the property is ideally situated to garner guest traffic and maintain a strong identity as a hub in this vibrant submarket in Florida," said Paul Stern, Waramaug's Co-Founder. "This sets the property apart from others and lends itself well to being a part of our revenue generating strategy."
The Holiday Inn Express includes meeting space totaling 3,600 square feet with generous room sizes and appealing floor to ceiling windows, accompanied by top of the line audio visual capabilities. Along with the business center and meeting space located on the first floor to meet the needs of business-minded travelers, the property also houses an outdoor heated pool for guests to enjoy at their leisure.
Waramaug LS Hotels, LLC, based in Boca Raton, FL is a privately held investment group formed in 2013 by Paul Nussbaum, Paul Stern and other senior hotel professionals. With this acquisition, Waramaug LS Hotels and affiliates' select service holdings comprise eight hotels totaling 900 rooms.
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