Veeraj Patel Acquires Lake Placid Hotel For $2.9M From Seller Ram Bhai - GPT Commercial Represents

The hotel located at 2165 US Route 27 in Lake Placid has been sold in a transaction. The property spans 46,204 square feet and was sold for a price of $2,900,000, resulting in a price per square foot of $63. The sale took place on 12/08/2022.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $2,900,000
• Address: 2165 US Route 27, Lake Placid
• Market: Lake Placid
• Square Footage: 46,204

Veeraj Patel purchased the hotel from the seller, Ram Bhai. The transaction was facilitated by Taj Patel from GPT Commercial, who represented Veeraj Patel as the buyer.