ATLANTA (February 28, 2018) – Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it has taken over management of the 263-suite Sheraton Suites Plantation in Fort Lauderdale, Fla. The hotel recently was acquired by Everwood Hospitality Partners (EHP), a leading hotel owner/operator with a growing portfolio of full- and select-service hotels nationwide.
“The Sheraton Suites Plantation marks our fourth hotel in the Sunshine State, with properties ranging from upscale, full-service hotels affiliated with well-respected and recognized brands to a non-branded, boutique, lifestyle property,” said Robert S. Cole, president and CEO, HVMG. “HVMG provides the full range of operational and advisory services to virtually all full- and select-service hotels, regardless of brand affiliation or not. 2018 looks to be particularly active for us as owners seek to make the most of their hotel investments."
Situated at 311 North University Drive, the Sheraton Suites Plantation is surrounded by numerous demand generators, including five higher education institutions, two hospitals, more than five million square feet of office space and the nearby Ft. Lauderdale-Hollywood International Airport. The nine-story hotel provides the lodging component for the ongoing, $300-million redevelopment of the 37-acre former Plantation Fashion Mall.
Suites are comprised of separate sleeping and living areas. Hotel amenities include a heated, rooftop pool, state-of-the-art business center, full-service fitness center and shuttle service within a three-mile radius of the hotel. Hotel dining options range from Cilantro’s, a three-meal/day restaurant featuring continental cuisine, to the eighth-floor Sheraton Club lounge. Additionally, the hotel offers five meeting rooms totaling 13,900 square feet, including 7,500 square feet of indoor and outdoor prefunction space.
The hotel shortly will begin a $10 million-plus refurbishment focusing on the exterior and interior public spaces, having recently completed a $4.6 million guest room improvement plan. The renovation will relocate the entrance to face the newly developed hardscaped motor court of the mixed-use development and will re-imagine the interior.
