Cobby Pourtavosi Of Capital Insight Holdings Acquires Hotel Portfolio From Motel 6 In $101.5M Deal

The sale of a hotel property has taken place at multiple locations. The properties involved in the transaction are located at 100 Disney Way, 550 Montrose, 1516 Newbury Rd., 415 W. Katella, and 310 E. Foothill Blvd. These properties are situated in different markets including Orange County, Claremont, Anaheim, Thousand Oaks, and El Cajon. The asset type of the properties is a hotel.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $101,500,000
• Buyer: Cobby Pourtavosi - Capital Insight Holdings
• Seller: Motel 6
• Keys: 902
• Price per Key: $112,527
• Square Footage: 388,816
• Price per Square Foot: $261

Cobby Pourtavosi of Capital Insight Holdings served as the buyer in this transaction, while the seller was Motel 6. The sale price of the properties amounted to $101,500,000 with a total of 902 keys. The price per key was $112,527. The properties encompass a total area of 388,816 square feet, with a price per square foot of $261.