Sheraton Suites Cypress Creek - Fort Lauderdale
Hospitality | 258 Keys | $209,302/key
Marketing description
The Keyes Company is pleased to present the Sheraton Suites Fort Lauderdale at Cypress Creek, located at 555 NW 162nd Street, Fort Lauderdale, FL 33309, a premier hospitality investment opportunity in one of South Florida’s most strategic business and transportation corridors.
Offered at $54,000,000, this Marriott-branded, full-service hotel features 258 newly renovated all-suite guestrooms across eight floors, supported by approximately $10 million in recent capital improvements. The property offers a distinct competitive edge with spacious suite layouts featuring separate living and sleeping areas, wet bars, microwaves, sofa sleepers, and modern Marriott room standards. Guests enjoy a full-service restaurant and lounge, outdoor pool, fitness center, business center, club lounge, and 218 on-site parking spaces. A major value driver is the hotel’s approximately 14,477 SF of flexible meeting and event space, including a ballroom, boardroom, breakout rooms, atrium reception area, and outdoor event venue, all supported by a full commercial kitchen, full liquor license, and catering capacity for up to 500 guests.
With strong upside in corporate, group, cruise, and airport-related demand—and potential for a dual-brand extended-stay component (Apartments by Marriott Bonvoy) subject to Marriott approval—this asset offers immediate scale, brand strength, and long-term revenue growth potential.
Investment highlights
Newly & Fully Reimagined Suites
Available fully in-service by Q1 2026
- Marriott’s Newest Standards: 258 suites recently transformed via a meticulous three-year renovation to meet the latest Marriott brand benchmarks.
- Complete Bathroom Overhaul: Fully renovated modern bathrooms featuring premium fixtures and finishes.
- Designer Interiors: Contemporary textured walls and updated room aesthetics throughout.
- Suite Comforts: Every room includes a pull-out sofa sleeper and a brand-new suite of guest amenities.
Premium Food & Beverage
Optimized for guest experience and revenue growth
- Signature Dining: A 150-seat full-service restaurant located in the stunning eight-story atrium.
- Bar & Lounge: Sophisticated social space with a full liquor license.
- Catering Excellence: Full-scale catering kitchen supporting a robust banquet and meeting room revenue growth plan.
- On-the-Go Convenience: Dedicated "Grab and Go" station for quick snacks and beverages.
Exclusive Marriott Bonvoy Member Club
Dedicated perks for loyal guests
- Private Lounge: Quiet environment for relaxation or work.
- Complimentary Refreshments: All-day beverages and snacks, plus curated Happy Hour treats.
- Business Support: Integrated office center for Member use.
Premier Amenities & Services
- Fitness Center: Full-service gym equipped with cardio machines, free weights, benches, and an adjustable pulley system.
- Business Center: Professional-grade tools including printers, copiers, and scanners.
- Seamless Access: Four guest elevators and a dedicated guest services/concierge team.
- Parking & Logistics: 218 on-site surface parking spaces and in-house laundry facilities.
Growth Opportunity:
The property is currently executing an F&B Operations Growth Plan specifically designed to capture increasing demand for banquet and meeting room revenue, leveraging the newly renovated facilities. Given all 258 suites have been completely renovated in early 2026, the hotel is on the room revenue growth path towards income stabilization.
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