Shivam Patel & Ashutosh Kadakia Acquire Residence Inn Bakersfield From Blackstone

The Residence Inn Bakersfield, located at 4241 Chester Lane, was recently sold in a transaction involving a 67,586 square foot hotel in the Bakersfield market. The property was acquired by Shivam Patel and Ashutosh Kadakia from the seller, Blackstone.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not Provided
• Buyer: Shivam Patel & Ashutosh Kadakia
• Seller: Blackstone
• Broker: Nick Pappas - Newmark

Representing the buyers were Shivam Patel and Ashutosh Kadakia, while the seller, Blackstone, was facilitated by Nick Pappas from Newmark. The acquisition of the Residence Inn Bakersfield marks a significant transaction in the Bakersfield market, showcasing the involvement of these key individuals and companies in the deal.