Seth Singerman Of Singerman Real Estate Acquires Marriott Hotel In Fremont For $53M

The Marriott Fremont hotel, located at 46100 Landing Parkway in Fremont, California, is a 357-room asset valued at $53 million. The hotel has a price per key of $148,459, representing a significant transaction in the local hospitality market.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $53,000,000
• Buyer: Seth Singerman - Singerman Real Estate
• Seller: Stephen Zsigray - Ashford Hospitality Trust
• Keys: 357
• PPK: $148,459

This transaction marks Ashford Hospitality Trust Inc.'s sale of the hotel as part of a broader strategy to lower debt, which has included selling 13 hotels for a total of $510.8 million since the beginning of the year. The buyer, SRE Acquisitions V LLC, is affiliated with Singerman Real Estate, reflecting continued investment interest in the hospitality sector.