The transaction involved the sale of a hotel asset, specifically a 112-room Best Western hotel located at 3440 South Vance Street in Lakewood, CO. The sale price for this transaction was $7,200,000, with a total square footage of 144,619. The price per square foot was calculated at $50, while the price per key stood at $64,286.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $7,200,000
• Address: 3440 South Vance Street
• Market: Lakewood, CO
• Square Footage: 144,619
• Price per Square Foot: $50
• Number of Keys: 112
• Price per Key: $64,286

The brokers involved in this transaction were Simon Assaf and Hunter Davis, representing Matthews Real Estate Investment Services. Matthews Real Estate facilitated the $7.2 million sale of the property, ensuring a successful transaction for the seller.