Hiren Govind Acquires SureStay Plus By Best Western In Yucca Valley For $11M

The SureStay Plus By Best Western Yucca Valley Joshua Tree, a 94-room motel located at 56525 29 Palms Highway in Yucca Valley, was successfully sold for $11 million. The sale resulted in a price of about $117,021 per room. The buyer, identified as Hiren Govind, finalized the purchase with $9.95 million in fresh financing from G Bank. On the other hand, the seller, linked to Steven Koo, closed the transaction with the buyer.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $11,000,000
• Keys: 94
• Price Per Key: $117,021
• Square Footage: 59,631
• Price Per Square Foot: $184
• Address: 56525 29 Palms Highway, Yucca Valley
• Market: Yucca Valley

The deal's financing was facilitated by G Bank, providing $9.95 million for the transaction. Hiren Govind, representing the purchasing entity, successfully acquired the 94-room motel in Yucca Valley from Steven Koo's seller entity in this $11 million transaction.