Landmark Pier Sixty-Six Hotel And Marina Acquired In $165 Million Deal

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 total purchase price was $165 million, which included a parking lot, a company spokesman said. Property deed transfers recorded in Broward County Wednesday, show the hotel and marina sold for $163.27 million.

The hotel and marina complex 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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