Yankee Clipper & Yankee Trader Hotels, Fort Lauderdale, FL

Yankee Clipper & Yankee Trader Hotels, Fort Lauderdale, FL

Project details

Project: Yankee Clipper and Yankee Trader Hotels - Owner Representation, Strategic and Financial Advisor on Disposition of Assets

Services: Owner representation, operating performance review, valuation, investment strategy, and financial advisor in securing and structuring JV-sale of assets.

Features:  The Yankee Clipper and Yankee Trader Hotels are two large beachfront hotels famous for their roles in popular movies of the 1960's and 1980's.  The 501-room Yankee Clipper Hotel is located "on the sand" and is comprised of several buildings, one designed to resemble an oceanliner.  The 457-room Yankee Trader features Shula's Steakhouse and a meeting/convention center.

Assignment Profile

REH served as business and financial advisor to the Gill Family Trust on the recapitalization, repositioning, and planned redevelopment of the 501-room Yankee Clipper and the 457-room Yankee Trader beachfront hotels located in Fort Lauderdale, Florida resulting in our sourcing of a JV-Sale of the hotels to Starwood Capital.  This was one of the largest transactions ever involving prime Florida beachfront properties.