Sohail Nasim Acquires Ontario Hotel From Stella Du For $18.25M

The hotel involved in the transaction is the Country Inn & Suites by Radisson, a four-story property located at 4674 Ontario Mills Parkway in Ontario. The hotel spans 42,578 square feet and consists of 117 rooms, offering a price per square foot of $429. The sale price for this hotel was $18,250,000, translating to a price per key of $155,983.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $18,250,000
• Address: 4674 Ontario Mills Parkway
• Market: Ontario
• Keys: 117
• Price Per Square Foot: $429
• Price Per Key: $155,983

Sohail Nasim, through his entity, purchased the Country Inn & Suites by Radisson for $18.25 million from Stella Du. Despite a decline in hotel sales in the Inland Empire area, Nasim saw the potential in this Ontario-based hotel. The property's strategic location that offers easy access to major highways and the Ontario International Airport likely influenced Nasim's decision to acquire it.