Developer plans 172-room hotel in Fort Lauderdale
UPDATE, December 29, 11:20 a.m.: Hotel developers Sadhana and Sanjaykumar Patel have won approval to build an eight-story, 172-room dual-brand hotel on the site of a vacant bank in Fort Lauderdale.
Sadhana “Sandy” Patel is president of Luckey’s Management, a Fort Lauderdale-based hotel development and management company, and Sanjaykumar “Jay” Patel is the company’s CEO.
Through their affiliate, 1100 Hotels, LLC, they secured approval for a proposal to develop approximately 1.9 acres at 1100 State Road 84 and restrict its use to a 172-room hotel. .
The unreleased development site on State Road 84 has an underlying commercial land use designation that allows for the development of a hotel.
The construction phase of the project is expected to begin in late 2022. According to Luckey Management’s website, about half of the rooms will have full kitchens and will be marketed under the Townplace Inn extended-stay brand. The rest of the rooms will be marketed under the Fairfield Inn brand. Facilities will include a restaurant, fitness center, library and swimming pool on the ground floor.
The development site is east of I-95 and a short drive from Port Everglades and Fort Lauderdale-Hollywood International Airport. A vacant bank office with five tellers and 14,666 square feet of space would be demolished.
The Fort Lauderdale City Commission unanimously approved the dish last week without comment, and no one spoke publicly for or against the proposal at the meeting.
The city’s Development Review Committee reviewed the flat’s application on July 27, and the Fort Lauderdale Planning and Zoning Board voted unanimously to recommend approval of the application on September 21.
The total estimated cost of the project is $30 million, according to the Luckey Management website.
The Patels applied to build the development site about five months after acquiring the property in April for $3.3 million from William & Sons LLC, property records show. The new dish is called Luckey’s Plat.
Luckey’s Management owns a portfolio of nine hotels in Broward County that operate under flags including Crowne Plaza, Holiday Inn Express & Suites and Springhill Suites, according to the company’s website.
As domestic travel has picked up this year, in some cases surpassing 2019 levels, average daily room rates have increased, bolstering confidence in the South Florida hotel market. The result was an increase in hotel investment sales, driven by the $270 million sale of the Margaritaville Hollywood Beach Resort.
This article has been updated to reflect the correct estimated cost of the project.