A Residence Inn by Marriott hotel has broken ground in Coconut Creek

March 8, 2018

A Residence Inn by Marriott hotel has broken ground in Coconut Creek after the developer secured $15.5 million in construction loans.

Coral Gables-based Mercantil Bank awarded mortgages of $10.12 million and $5.38 million to Coconut Creek Hotel M-R1, a joint venture between Miami-based Morlin Hospitality Group and Coconut Creek-based Butters Construction & Development.

The six-story hotel will have 105 rooms with kitchenettes, a pool, business center and fitness center.

The developers acquired the 1.76-acre site, which is near the Sawgrass Expressway, for $2.37 million in May 2017.
Morlin Group also owns the Hampton Inn & Suites in Coconut Creek.

Source info The South Florida Business Journal

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