Maryland hotel group pays $36.75 million for Four Points by Sheraton Jacksonville Beachfront

The six-story, 80-unit oceanfront property at 11 N. First St. was built in 2001 and renovated in 2014.

Four Points by Sheraton Jacksonville Beachfront at 11 N. First St. in Jacksonville Beach.
Four Points by Sheraton Jacksonville Beachfront at 11 N. First St. in Jacksonville Beach.
Four Points by Sheraton Jacksonville Beachfront
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Maryland-based Harrison Group Hotels bought the Four Points by Sheraton Jacksonville Beachfront on Nov. 15 for $36.75 million.

The six-story, 80-suite oceanfront hotel at 11 N. First St. in Jacksonville Beach sold for $459,375 a unit.

Oceanfront Lodging II Inc. of Ponte Vedra Beach sold the property to Harrison Jacksonville LLC of Ocean City, Maryland.

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