The Holiday Inn & Suites, located at 400 South Atlantic Boulevard in Monterey Park, is a six-story hotel that was completed in 2024. The property features 136 rooms and 2,000 square feet of meeting space. The sale of this hotel asset was finalized for $38,000,000, equating to a per key price of $279,412.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $38,000,000
• Address: 400 South Atlantic Boulevard - Holiday Inn & Suites
• Market: Monterey Park
• Number of Keys: 136
• Price Per Key: $279,412
• Broker: Coldwell Banker Commercial George Realty
• Asset Completion Year: 2024
• Meeting Space: 2,000 square feet
• Seller Representation: Private investor

Coldwell Banker Commercial George Realty played a pivotal role in this transaction by facilitating the sale and representing the private investor seller in the process. The Holiday Inn & Suites is a part of the Atlantic Times Square development, offering added value to the property's positioning in the market.