Real Estate News

Landmark Pier Sixty-Six hotel and marina acquired for $165 million


The iconic Hyatt Regency Pier Sixty-Six hotel and marina in Fort Lauderdale has a new owner.

On Thursday, Orlando-based real estate development group Tavistock Development Co. announced it has acquired the 384-room hotel and 127-slip marina complex. The purchase price was $165 million, which included a parking lot, according to a company spokesman.

The hotel and marina will continue to be operated by Interstate Hotels & Resorts, and details about future renovation plans will be announced in 2017, Tavistock said.

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