Angelo & Banta Law Firm acts as local counsel for $40 million sale of The Westin Cypress Hotel in Fort Lauderdale
The law firm of Angelo & Banta, P.A. recently acted as counsel to Starwood Hotels and its affiliate, Lauderdale Hotel Realty, LLC, in the sale of the Westin Cypress Creek Hotel in Fort Lauderdale, Florida. Firm partners Tom Angelo and Gavin Banta both worked on the closing. The Westin Cypress Creek Hotel is a 15-story hotel with 293 rooms and is located at 1100 Corporate Drive, off Cypress Creek Road in Fort Lauderdale.
The property was acquired for $40,750,000 by The Procaccianti Group based in Providence, Rhode Island. The buyer plans a $13 million renovation. Starwood Hotels will continue to manage the hotel.