JLL completes sale and financing for 265-room Sheraton Suites in Plantation, Florida

MIAMI, May 8, 2026 – JLL’s Hotels & Hospitality Group announced today that it arranged the sale and secured acquisition financing for the Sheraton Suites Fort Lauderdale West, a 265-room all-suite hotel prominently positioned along University Drive in the heart of Plantation’s rapidly expanding mixed-use district.

JLL represented the seller, Everwood Hospitality Partners, in the transaction. The acquisition was completed by the Canada-based Artifact Group, in partnership with Miami-based Rok Acquisitions. JLL worked on behalf of the buyer to secure a floating-rate, three-year loan through CIM Group.

The property stands as the centerpiece of Plantation Walk, a vibrant mixed-use development featuring more than 1,100 luxury apartments, 200,000 square feet of Class A office space, 205,000 square feet of medical office space and 220,000 square feet of premium retail, restaurant and entertainment venues. The hotel offers exceptional visibility and walkability within this live-work-play environment, positioning it as the premier lodging option in West Broward County.

The Sheraton Suites Fort Lauderdale West ranks as the number two hotel in Plantation on TripAdvisor and leads its competitive set in revenue per available room performance. The property features spacious all-suite accommodations averaging 438 square feet, which is 20 percent larger than competing hotels in the market. Every guestroom includes a separate living room with sleeper sofa, double vanities, work desk and in-room amenities including mini-refrigerators and microwaves. Half of the rooms have undergone tub-to-shower conversions.

The hotel offers 7,900 square feet of flexible meeting space across seven event spaces, including a 2,300-square-foot ballroom that can accommodate up to 600 attendees. Additional amenities include a rooftop pool and hot tub, fitness center, three-meal restaurant, full-service bar featuring Starbucks coffee and an exclusive Marriott Bonvoy Elite Club Lounge. The property provides 304 parking spaces in an adjacent parking garage.

The new ownership plans to invest $10 million in a brand-mandated property improvement plan that will refresh guestrooms and corridors, further enhancing the hotel’s competitive position in the market. Current ownership completed approximately $12 million in renovations since acquisition, including a comprehensive facade restoration in 2024 and thorough modernization of common areas and meeting spaces.

Plantation has emerged as a high-growth suburban market within Broward County, offering exceptional accessibility via Interstate 595 and the Florida Turnpike. The city is home to nearly 100,000 residents with an average household income approaching $100,000. Fort Lauderdale-Hollywood International Airport, which served 35.2 million passengers in 2024, sits within a 20-minute drive of the property. Port Everglades, located 20 minutes away, welcomed a record 4.1 million cruise passengers in 2024.

The JLL Hotels & Hospitality team was led by Senior Managing Director Andrew Dickey, Senior Directors Maciej Polek and Wyatt Krapf, Senior Associate Jesse Pohl, Associate Henry Winchester and Analyst Mason Greif.

“The property’s exceptional fundamentals, including the largest all-suite inventory in Plantation and market-leading performance metrics, combined with its integration into one of South Florida’s premier mixed-use developments, created a unique value proposition for investors,” said Dickey. “The new ownership is well-positioned to capitalize on continued demand growth in West Broward County while executing value-add initiatives that will further enhance the hotel’s competitive positioning and profitability.”

“Plantation Walk represented exactly the kind of mixed-use, amenity-rich environment that supports durable lodging demand, and this asset performed throughout our hold,” added Amit Govin, Managing Principal of Everwood Capital Partners. “We are grateful to the JLL team for their execution on this transaction. Proceeds will be redeployed across Everwood’s hospitality equity pipeline and Fair Harbor Lending, our affiliate private credit platform focused on commercial real estate financing.”

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

With offices in Charlotte, Indianapolis, and Orlando, Everwood Capital Partners (Everwood) is a fully integrated hotel owner, operator and developer that invests along the opportunistic risk spectrum. Everwood provides operational, financial and development services on its own behalf, as well as for third parties. The entity’s portfolio includes the most sought-after franchise names including Marriott International, Hilton Hotels & Resorts, Choice Hotels, and IHG Hotels & Resorts. Fair Harbor Lending, an affiliate of Everwood, is a private credit fund providing construction financing across residential and hospitality real estate in supply-constrained markets across the United States. visit www.everwoodcp.com

Fair Harbor Lending is a private real estate credit fund currently investing out of its second fund vehicle. An affiliate of Everwood Capital Partners, the firm specializes in construction and bridge financing for luxury residential and select hospitality projects across supply-constrained U.S. markets. Fair Harbor deploys capital across the full stack — senior debt, preferred equity, and subordinated positions — partnering with experienced sponsors to deliver flexible, execution-focused capital solutions across the project lifecycle. visit www.fairharborlending.com

Artifact Group is a Canada-based real estate firm specializing in acquiring and managing high-performing hospitality, office, and multifamily assets in Canada and the U.S. With an opportunistic yet selective approach, the firm is developing an impressive portfolio that includes several award-winning assets. As one of the fastest-growing hospitality firms in North America, Artifact Group takes advantage of its global network of personal and professional relationships, along with local expertise and on-the-ground presence, to identify opportunities, establish alliances with third parties and deploy capital intelligently. visit www.artifactgroup.com

Rok Acquisitions is a private real estate investment firm headquartered in Miami, Florida. Under the visionary leadership of founder Sergio Rok, the firm has established itself as a prominent force in South Florida’s commercial real estate sector, leveraging over four decades of comprehensive market expertise across diverse real estate asset classes and dynamic submarkets. visit www.rok.com

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.