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Argosy Real Estate Partners Acquires Hotel in Jacksonville, FL for Planned Renovation and Rebranding

We are pleased to announce that Argosy Real Estate Partners has closed on the off-market acquisition of the 164-room Best Western Premier Hotel in Jacksonville, Florida. The property will be renovated and repositioned to a Delta Hotel by Marriott. The hotel is located within the Southside/Deerwood Park submarket of Jacksonville, approximately seven miles from downtown Jacksonville and immediately off Interstate 95. Originally developed in 1989, the six-story concrete, compact full-service property was converted to a Best Western Premier Hotel in 2018. The hotel features an on-site restaurant, a bar/lounge, outdoor swimming pool, three meeting/conference rooms totaling 3,880 sf, a board room, guest laundry, a sundries shop, and fitness center. The business plan is to perform a comprehensive renovation and re