DoubleTree Deerfield Beach – Boca Raton Sold

Deerfield Beach, Florida – June 6, 2014 – CBRE Hotels arranged the sale of the DoubleTree by Hilton Deerfield Beach-Boca Raton to Garrison Deerfield Propco LLC for an undisclosed price. Lisa Zaranek of CBRE’s Orlando office and Robert Taylor of the firm’s Miami office exclusively represented the seller, CS Hospitality LLC.

Located at 100 Fairway Drive, the hotel features 220 guestrooms and 20,000-square feet of flexible meeting and event space. Offering excellent visibility from Interstate-95 and accessibility to local beaches, the DoubleTree is also located in close proximity to several million square feet of commercial office space and is adjacent to the proposed Hillsboro Technology Park, featuring 750,000 square feet of office and industrial space.

“Investor interest in the Florida hotel market is extremely robust,” said Lisa Zaranek.

“We received tremendous interest in the DoubleTree given its strong franchise affiliation and location in South Florida, as well as the upside potential from market growth and property improvements,” added Robert Taylor.

CBRE Hotels is a specialized advisory group within CBRE Group, Inc. providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.