Five Rivers Hospitality LLC Acquires Hotel In Pleasant Hill For $28.5M

The recently closed property transaction in Pleasant Hill involved the sale of a hotel located at 700 Ellinwood Way. The property spans across 50,700 square feet, and it was sold for a total price of $28,500,000. The sale included 126 units, resulting in a price per unit of approximately $226,190. The price per square foot for the property is estimated to be around $562.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $28,500,000
• Address: 700 Ellinwood Way
• Market: Pleasant Hill

The buyer in this transaction is Five Rivers Hospitality LLC, represented by Jagpreet Sandhu. The seller is Rao Yalamanchili. The involvement of these individuals and companies played a crucial role in finalizing the deal, which was completed on September 16, 2022.