SRI SAI Hospitality Group Acquires Hotel In Satsuma, AL For $3.3M

A hotel located at 6104 US-43 in Satsuma, AL has been sold in a recent transaction. The property, consisting of 79 keys, was sold for a price of $3,300,000, resulting in a price per key of $41,772. The buyer of the hotel is SRI SAI Hospitality Group LLC, while the seller is Meenal LLC. The sale was facilitated by brokers David Altman, Robert S. Hunter, and McLean Hicklin from Marcus & Millichap.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $3,300,000
• Address: 6104 US-43, Satsuma, AL
• Market: Satsuma, AL
• Keys: 79
• Price per Key: $41,772
• Buyer: SRI SAI Hospitality Group LLC
• Seller: Meenal LLC
• Brokers: David Altman, Robert S. Hunter, and McLean Hicklin - Marcus & Millichap

The involvement of David Altman, Robert S. Hunter, and McLean Hicklin, representing Marcus & Millichap, was instrumental in facilitating the sale of the hotel property. Their expertise and negotiation skills contributed to the successful completion of the transaction.