Riaan Hospitality LLC Acquires 80 Springdale Blvd Hotel In Mobile, AL For $5.15M

Located at 80 Springdale Blvd in Mobile, AL, a hotel property was recently sold in a closed transaction. The property spans 55,321 square feet and was sold for a price of $5,150,000, resulting in a price per square foot of $93. The buyer in this transaction is Riaan Hospitality LLC, while the seller is Shree Laxmi Hospitality LLC. The deal was facilitated by several brokers, including Eddie Greenhalgh, Robert S. Hunter, and David J. Altman from Marcus & Millichap.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $5,150,000
• Address: 80 Springdale Blvd, Mobile, AL
• Square Footage: 55,321
• Buyer: Riaan Hospitality LLC
• Seller: Shree Laxmi Hospitality LLC
• Brokers: Eddie Greenhalgh, Robert S. Hunter, David J. Altman - Marcus & Millichap

This transaction involved a property in the hotel sector, located at 80 Springdale Blvd in Mobile, AL. The deal was successfully completed with the buyer, Riaan Hospitality LLC, acquiring the property from the seller, Shree Laxmi Hospitality LLC, for a total amount of $5,150,000. The property offers a spacious area of 55,321 square feet, equivalent to a price per square foot of $93. The transaction was facilitated by Eddie Greenhalgh, Robert S. Hunter, and David J. Altman, who represented Marcus & Millichap in the deal.