Shivam Patel Kishan Patel Sanket Patel And Srinivas Yalamanchili Acquire Hotel In San Dimas For $15M

The property involved in the transaction is a hotel located at 601 West Bonita Avenue in the San Dimas market. The sale price of the asset is $15,000,000, and it encompasses a total square footage of 43,376, which results in a price per square foot of $345.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $15,000,000
• Address: 601 West Bonita Avenue
• Market: San Dimas
• Square Footage: 43,376
• Price per Square Foot: $345
• Buyer: Shivam Patel, Kishan Patel, Sanket Patel, & Srinivas Yalamanchili
• Seller: Jon Gray - Blackstone
• Broker: Brian Embree - Hunter Hotel Advisors

This transaction highlights the involvement of multiple buyers, with Shivam Patel, Kishan Patel, Sanket Patel, and Srinivas Yalamanchili being the individuals acquiring the hotel. Jon Gray represents the seller, Blackstone, in this deal, with Brian Embree serving as the broker from Hunter Hotel Advisors, facilitating the transaction.