COCOA BEACH, FL—The Doubletree Hotel Resort in Cocoa Beach has traded for $15.1 million. Pandey Hotel Corporation, a U.S. division of New Zealand-based CP Group, snapped up the hotel.
“In addition to its ocean front resort location, the variety of leisure, government and business activity around Cocoa Beach gives the Hotel added dimensions not usually associated with a resort location,” says John Andrews, asset manager for Pandey.
CBRE senior vice president Robert Taylor in Miami and Lisa Zaranek in Orlando marketed the portfolio for sale. The duo negotiated the transaction on behalf of the seller, Southern Hospitality, a hotel group based in Oklahoma City, OK.
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