SOLD
AASHI LLC Acquires Bessemer Hotel For $5.02M
5001 Academy Lane
Hotel
32,000 SF
32,000 SF
Sold 303 days ago
Summary
Sale
ALABAMA
Hotel
32,000 sqft
A 1.7-acre hotel property located at 5001 Academy Lane in Bessemer, AL has been sold. The property, known as the Holiday Inn Express & Suites, was purchased by AASHI LLC, an affiliate of local hospitality firm Baron Hospitality, for a total of $5.02 million.
Summary of transaction details
- Property Type: Hotel
- Sale Price: $5,020,000
- Square Footage: 32,000 SF
- Price per Square Foot: $157
- Address: 5001 Academy Lane, Bessemer, AL
- Market: Bessemer, AL
The buyer, AASHI LLC, is an affiliate of Baron Hospitality, a local hospitality firm in the area. The seller of the property was SOHAM Group LLC. The transaction took place on 07/19/2023 and marks the transfer of ownership for the Holiday Inn Express & Suites in Bessemer.
Details
SOLD
IMAGE: 07/19/2023
ADDRESS: 5001 Academy Lane
MARKET: Bessemer, AL
ASSET TYPE: Hotel ~ ACRES: 1.7
BUYER: AASHI LLC
SELLER: SOHAM Group LLC
SALE PRICE: $5,020,000
SF: 32,000 ~ PPSF: $157
NOTE: A Bessemer hotel, the Holiday Inn Express & Suites located at 5001 Academy Lane, has been sold to AASHI LLC, an affiliate of local hospitality firm Baron Hospitality, for $5.02 million.View on map
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Address5001 Academy Lane
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